H.G. Wells wrote the novel Time Machine in 1895. What some people don't know is that he had a grandson named K.J. and that H.G. Wells actually took a Time Machine to the year 2020. While in the future, H.G. Wells invested $100,000 (a princely sum in 1895) in the name of M.L. Wells. When he came back to 1895, H.G. told his grandson K.J. to make sure that if he ever gets a grandchild to make sure the baby's name is M.L. Wells and that the child would have $100,000 in its name in the year 2020. After thinking about this awhile, young K.J. decided that his grandfather had gone through an awful lot of trouble to try and make K.J.'s future grandchild wealthy. Assuming an inflationary (market) rate of 4%, how much would H.G. have needed to invest in 1895 for it to grow to $100,000 in 2020 (in other words, what is the Present Value of the $100,00)? Second, if H.G. had invested the $100,000 in 1895 and not 2020, how much would it have grown to by 2020 assuming the same 4% rate? According to NationalPriorities.org, the current cost of the wars since 2001 is about $1.7 trillion. After hearing that statistic, President Obama decided to do some research on great wars of the past. In his research, he came across the Hundred Years' War between France and England, a war that actually lasted 116 years. The President thought 116 years was a long time to be at war. However, he thought it would be nice if the $1.7 trillion payment on the current war could be postponed 116 years. Assuming a 0.51% T-Bill rate, how much would the government need to invest on a yearly basis, if the cost of the war could be delayed 116 years? Second, assuming a U.S. population of 324.16 million people, how much would that come to per American each year