option for members to buy a lifetime membership today for $8,000 and never have to pay annual membership dues. Obviously, the lifetime membership isn't a good deal if you only remain a member for a couple of years, but if you remain a member for 40 years, the ADLA so that the lifetime membership is cheaper (on a present value basis) than paying $750 in annual membership dues? (Note: Round your answer up to the nearest year.) 22 years 20 years 16 years 18 years In 1626, Dutchman Peter Minuit purchased Manhattan Island from a local Native American tribe. Historians estimate that the price he paid for would be sold for $24, but you need to consider the future value (FV) of that price in more current times if invested at a 4.5% annual interest rate, what is its value as of 2018 ( 392 years later)? $635,647,030.80 $987,122,447.84 $747,820,036.24 $859,993,041.68