5. Peter Minuit is generally given credit for purchasing Manhattan Island from the Lenape Indians for $24. If Peter had chosen instead to invest the $24 in a 50-year Certificate of Deposit earning 5% interest per year, how much money would Peter have had at the end of 50 years? A $523.00 B. $275.22 C. It would depend upon the prevailing interest rates in the market D. Not enough information to make the calculation. E. Maybe zero...since the Lenape Indians might have wanted their money back. 6. To reduce her estate taxes your rich Aunt Gladys, will pay you $10,000 per year for four years starting one year from now. Assuming you could invest that same amount of money, with similar risks in an investment with a return of 8% what is the present value of your aunt's gift? A. $40,000.00 B. $47,550.65 C. $36,852.11 D. $33,121.27 Cam Newton recently negotiated a new-five- year contract that guarantees a first year signing bonus of $15Million followed by $6M per year for four years. One of his receivers negotiated a slightly different contract that allows $8M per year for five years with no signing bonus. Assuming a discount rate of 10%, which player got the better deal? what was the NPV of that better deal? A. QB-$38,764,749 B. QB-$33,764,749 C. WR-$33,698,910 D. WR-$35,698,910 7