Over the past few years, Microsoft Founder bill gates net worth has fluctuated between 20 billion and 130 billion. In early 2006, it was about 26 billion after he reduced his stake in Microsoft from 21 percent to 14 percent by moving billion into charitable foundation.
a. Manhattan’s native tribe sold Manhattan island to peter Minuit for $24 in 1626 . Now 387 years later in 2013, Bill Gates wants to buy the island from the current natives. How much would bill have to pay for Manhattan if the current natives want a 5 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. What would Bill have to invest today at 11 percent compounded annually in order to purchase Seattle in 10 years?
c. Now assume Bill Gates only wants to invest half his net worth today, 13 billion, in order to buy seattle for 50 billion in 10 years. What annual rate of return would 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. To fund his retirement bill would invest 20 billion fortune in safe investments with annual rate of 7%. He also wants to make 50 equal annual withdrawals from this retirement fund beginning a year from today, running his retirment fund to 0 at the end of 50 years. How much can his annual withdraw be in this case?
We value our customers and so we ensure that what we do is 100% original..
With us you are guaranteed of quality work done by our qualified experts.Your information and everything that you do with us is kept completely confidential.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.Read more
The Product ordered is guaranteed to be original. Orders are checked by the most advanced anti-plagiarism software in the market to assure that the Product is 100% original. The Company has a zero tolerance policy for plagiarism.Read more
The Free Revision policy is a courtesy service that the Company provides to help ensure Customer’s total satisfaction with the completed Order. To receive free revision the Company requires that the Customer provide the request within fourteen (14) days from the first completion date and within a period of thirty (30) days for dissertations.Read more
The Company is committed to protect the privacy of the Customer and it will never resell or share any of Customer’s personal information, including credit card data, with any third party. All the online transactions are processed through the secure and reliable online payment systems.Read more
By placing an order with us, you agree to the service we provide. We will endear to do all that it takes to deliver a comprehensive paper as per your requirements. We also count on your cooperation to ensure that we deliver on this mandate.Read more