8. Calculate the present worth of $1.5 million to be received 25 years from now discounted at 15%? 9. What is the present worth of $12,000 per year for 5 years discounted at 12%? 10. Calculate the present worth of $1,000 per month for 5 years discounted at 12%. 11. Why is the answer to question 10 greater than the answer to question 9? 12. What is the present worth of $1,300 per month for 25 years discounted at 8%%? 13. What is the present worth of $1,000 per month for 5 years, plus $11,000 to be received at the end of five years, all discounted at 12%? 14. You have received a loan of $50,000 for 25 years with level monthly payments at 87% interest. What is the monthly payment