In 1626, peter minuit purchased manhattan island from the native americans for $24 worth of trinkets and beads. find what the $24 would be worth in the year 2014 if it had been deposited in a bank paying 5% interest compounded quarterly. (round to the nearest dollar)

$24 would be worth $5666315207

Step-by-step explanation:

Given amount invested(principal)  = $24

rate of interest = 5% = 0.05

Time period = 2014 - 1626= 388

compounded quarterly so n= 4

Apply compound interest formula

Plug in the values in the formula

A = 5666315206.95264

A = $5666315207

the correct answer is b. negative exponential growth.

step-by-step explanation:

you can tell it's an exponential function because it decreases rapidly then levels out and never touches the x-axis.

it is negative because the y-axis decreases as the x-axis increases.

therefore it is a negative exponential growth graph.

hope i !

i think it will be zero as slope has a formula of difference between initial and final distance divided by itz time interval