Suppose that in 1634 , a man bought a diamond for $31. Suppose that the man had instead put the $31 in the bank at 3% in
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Suppose that in 1634 , a man bought a diamond for $31. Suppose that the man had instead put the $31 in the bank at 3% in
Suppose that in 1634 , a man bought a diamond for $31. Suppose that the man had instead put the $31 in the bank at 3% interest compounded continuously. What would that $31 have been worth in 2000? In 2000 , the $31 would have been worth $ (Do not round until the final answer. Then round to the nearest dollar as needed.)
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