2. Ashton and Mila decide that they will need to have $1,000,000 a year when Mila retire from her job as a movie star. They approach you, their financial planner, and ask how much they will need to have saved in real dollars by retirement. Mila estimates that she will live about 40 years after she retires. She plans to retire in 10 years. She estimates that she will earn a 5% real rate of return on her investments savings during retirement. How much will she need by retirement? a. $18,017,041 b. $17,159,086 C. $40,000,000 d. $11,060,900 3. Camille, a recent Ryerson graduate, decides to buy a new Ducati Motorcycle. She realizes that the cheapest way to purchase her dream motorcycle would be to lease one from a local dealership. On June 1st 2010 (the same day as her convocation ceremony) she makes a down payment of $10,000 toward the lease. Her beginning-of-the-month lease payments are $450 and the term of the lease will be for three years. At the end of the lease she can buy the bike for $7,000. Currently the price of the bike is $30,000. What is the monthly interest rate on the lease