Finance Study Guide Question? PLEASE HELP!? - Freemason Hirams Travels Masonic Forums

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03-23-2008, 09:25 PM

'Nitro'

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Finance Study Guide Question? PLEASE HELP!?

I've got a Finance exam on Tuesday and this question is on my study guide. Can someone please help me?

(a) Bill Gates decides to pass on Manhattan and instead plans to buy the city of Seattle, WA. for $60 billion in 10 yrs. How much would Mr. Gates have to invest today at 10% compounded annually in order to purchase Seattle in 10 yrs?

(b) Now assume Bill Gates wants to invest only about half his net worth today, $14 billion, in order to buy Seattle for $60 billion in 10 yrs. What annual rate of return would he have to earn in order to complete his purchase in 10 yrs?

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