Henry Ford Junior inherited $50 million from a long lost Uncle. He will receive $1,000,000 million per year for the next 25 years and an additional lump sum payment of $25,000,000 after 25 years. Given a discount rate of 5%, calculate the present value of Henrys inheritance.

Investor A just turned 20 years old and currently has no investments. She plans to invest $5,730 at the end of each year for 7 years, beginning in five years. The rate of return on her investment is 13 percent, continuously compounded. Investor B is 40 years old and he has just started to invest an equal amount of money at the beginning of every year. He will invest for 10 years. The rate of return on his investment is 13 percent, compounded quarterly. Determine the yearly payment Investor B has to make in order to have the same present value as Investor A.

7 years ago, Mike borrowed $302,400 to purchase a house in Sandy Lake. At the time, the quoted rate on the mortgage was 6 percent, the amortization period was 25 years, the term was 7 years, and the payments were made monthly. Now that the term of the mortgage is complete, Mike must renegotiate his mortgage. If the current market rate for mortgages is 8 percent.What is Mikes new monthly payment?

Maria has decided to use $47,400 in savings to make a down payment on a house. She will live in the house for the next two years while still at university and then sell it when she graduates. The bank has offered her a mortgage rate of 4.9 percent compounded semi-annually on a two-year term, with an amortization period of 29 years. The house she is interested in purchasing costs $256,500.In two years, Maria wants to sell the house for a high enough price to cover the remaining principal amount on the mortgage, as well as recoup her down payment. What is the minimum sale price she should accept?

If two friends rent rooms from Maria and pay her $428 each for rent at the end of each month, how much additional money does she need to meet her monthly mortgage payment?