Benjamin and Stephanies mother/mother-in-law, Suzy, issued a $1 000 000 twenty-five year interest-only loan to the couple. Under the terms of the loan, they make annual payments of interest every year (at 3% p.a.); the final payment will consist of the regular interest amount together with the return of principal. Unbeknownst to the couple, Suzy has invested each interest payment at 3.5% p.a. Her intention is to give the accumulated amount to the couple when the loan matures. Allowing for this gift, what is Benjamin and Stephanies net payment to Suzy when the loan matures? Include in your answer

a fully labelled cash flow diagram (drawn from the perspective of Suzys investment fund),

your chosen valuation date and

an equation of value.

Please handwritten answer using formulas. Thank you so much.