Question: (Finure and pretent value using a caicutitor) la 2019, bit Gales was abrth abcul 5 se betor. Lets soo what Bud Cavins can to with
(Finure and pretent value using a caicutitor) la 2019, bit Gales was abrth abcul 5 se betor. Lets soo what Bud Cavins can to with his money in the following proelons a. Fi take Martaltan? Manhanaris notry bi be sold Mantiaks lalans to Peser Minal iativas" want a 5.70 peroent annual retum an the orginal f24 purchase price? Coud hiti ationd it? b. (Nongmina compoinding tiang at calculator thow much would Bill have to pay for Manhariant at the "curtent fatrves" want a 5.707 rehim compounded morthly on the Borigirak $24 purchase price? have to imest soday at 9 percent compocrided annuaby in witer to purchane Seatle in a. How much would Bat have lo pay for Manhattan if the "ourent nssives" want a 570 gecoent annual return on the onginal 524 purchase prica? bitien (Round to two decitial places?) Could ho afford ? (3edect trom the drog-down manu.) b. How much would Eill have to pay foe Machattan it the "curent nutiven" waef a 5.70%. c. How much would Me, Geses have io hvest todiy at 9 pertant compoundes annualy c. How mach woud for coper to purchase Seatle for $110 bilion in 10 years? Eillon (Peand to two decimal places) d. Now asiume Ba Ciales wants 6o imest orly about hait hie not worth lodsy. \$14 bilise, in orser to buy seattie toe 5110 bition in 10 yeara. What acmual rite of redurn would he have to tesen is ondec to comglete hes purchase in 10 years? Rround to two deomal places, I -. To fund his rotrement, Bis Gatess would invest his 526 balion fortase in safe to make 45 ogual annuat wahdrawals from this refirement fund beginning a yeir frem his innal inestment. Hgw much cas Mr. Galeshs ahiagl withdrawat be in this case
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