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You just inherited an oil well that is anticipated to generate $10,000 in revenue each year for the next 13 years. If your best interest rate is 8.6% and you would rather sell it than operate the well, what is lowest price you should be willing to sell the well for? Make your answer positive and answer to the nearest dollar. You just graduated, you have a job, but you have no retirement savings. You plan on depositing $500 per month starting in one month until you retire 37 years from now. You estimate your retirement account will grow at about 8.7% per year while you are saving, but once you retire you will invest in safer assets that will only yield 2.6% per year. Each of these compound monthly. In retirement, you plan on withdrawing $9000 per month for your living expenses. How long (in months) will your retirement savings last