pls answer ASAP
(Future and present value using a calculator) In 2019, Bill Gates was worth about $28 billion. Let's see what Bill Gates can do with his money in the following problems. a. III take Manhattan? Manhattan's native tribe sold Manhattan Island to Peter Minuit for $24 in 1626. Now, 393 years later in 2019, Bill Gates wanted to buy the island from the "current natives." How much would Bill have to pay for Manhattan if the "current. natives" want a 5.70 percent annual retum on the original $24 purchase price? Could he b. (Nonannual compounding using a calculator) How much would Bill have to pay for afford it? Manhattan if the "current natives" want a 5.70% return compounded monthly on the original $24 purchase price? c. Microsoft Seattle? Bill Gates decides to pass on Manhatttan and instead plans to buy the city of Seattle. Washington, for $110 billion in 10 years. How much would Mr. Gates have to invest today at 9 percent compounded annually in order to purchase Seattle in a. How much would Bill have to pay for Manhattan if the "current natives" want a 5.70 percent annual return on the original $24 purchase price? billion (Round to two decimal places.) Could he afford it? (Select from the drop-down menu.) b. How much would Bill have to pay for Manhattan if the "current natives" want a 5.70% retum compounded monthly on the original $24 purchase price? billion (Round to two decimal places.) c. How much would Mr. Gates have to invest today at 9 percent compounded annuaily in order to purchase Seattle for $110 billion in 10 years? billion (Round to two decimal places.) d. Now, assume Bill Gates wants to invest only about half his net worth today, $14 billion, in order to buy Seattle for $110 billion in 10 years. What annual rate of retum would he have to earn in order to complete his purchase in 10 years? \% (Round to two decimal places.) e. To fund his retirement, Bill Gates would invest his $28 billion fortune in safe investments with an expected annual rate of return of 6 percent. Also, Mr. Gates wants to make 45 equal annual withdrawals from this retirement fund beginning a year from his initial investment. How much can Mr. Gates's annual withdrawal be in this case? billion (Round to two decimal places.) Could he afford it? (Select from the drop-down menu.) b. How much would Bill have to pay for Manhattan if the "current natives" want a 5.70% retum compounded monthly on the original $24 purchase price? billion (Round to two decimal places.) c. How much would Mr. Gates have to invest today at 9 percent compounded annually in order to purchase Seattie for $110 billion in 10 years? billion (Round to two decimal places.) d. Now, assume Bill Gates wants to invest only about half his net worth today, $14 billion, in order to buy Seattle for $110 billion in 10 years. What annual rate of return would he have to earn in order to complete his purchase in 10 years? \% (Round to two decimal places.) e. To fund his retirement, Bill Gates would invest his $28 billion fortune in safe investments with an expected annual rate of return of 6 percent. Also, Mr. Gates wants to make 45 equal annual withdrawals from this retirement fund beginning a year from his initial investment. How much can Mr. Gates's annual withdrawal be in this case? billion (Round to two decimal places.)
