6. Interest rates for the upcoming 20 years hover at 3%. Reconsider your radio prize (Q5) and the amount you have after the GIC matures. What is the amount worth in present value dollars. Be sure to show your work (as usual). 7. A mining company has discovered nickel deposits on land it already owns. However, forging working relationships with the many varied stakeholders near the land will take time, along with negotiating a set of very complex environmental impact statements with the government. The company expects the agreements and environmental approval will take a full three years, during which nothing can happen onsite. Then there will be another full year of blasting and digging, and then in the year after that the revenues should start to roll in. (Assume the revenues are counted at the end of years.) The mine should be operable for 12 years, and should bring in around $27 million per year. What is the worth of the revenues in today's dollars, if the appropriate rate to use in your analysis is 8%? 8. You've just purchased a Government Infrastructure Bond from the Principality of Monaco. The bond is designed to pay you 75 euros worth of interest forever. In today's euros, how much is that bond worth, if you assume the relevant long term interest rate if 5%