36 Over the past few years, Microsoft founder Bill Gates's net worth has fluctuated between $20 and 5130 bilion. In early 2006, i was about $26 billion-after he reduced his stake in Microsoft from 21 percent to around 11 percent by moving billions into his charitable foundation Let's see what Bill Gates can do with his money in the following problems. Manhattan's native tribe sold Manhattan Island to Peter Minult for S24 in 1626. Now. 300 years later in 2016, BM Gates wants to buy the island from the current natives." How much will Bill have to pay for Manhattans if the current natives want a 6 percent annual return on the Original $24 purchase price b Bill Gates decides to pass on Manhattan and instead plans to buy the city of Seattle, Washington for $50 billion in 10 years. How much will Bill have to invest today at 10 percent compounded annually in order to purchase Seattle in 10 years? Now assume Bill Gates wants to invest only about 17 percent of his net worth, which stood at around 576 billion in 2016. of $13 billion in order to buy Seattle for $50 billion in 10 years. What annual rate of return wil he have to earn in order to complete his purchase in 10 years? d. Instead of buying and running large cities, Bill Gates is considering quitting the rigors of the business world and retiring to work on his golf game. To fund his retirement, Bill wants to invest his $20 billion fortune in safe investments with an expected annual rate of return of 7 percent. He also wants to make 40 equal annual withdrawals from this retirement fund beginning a year from today. Tunning his retirement fund to so at the end of 40 years. How much can his annual withdrawal be in this case