You inherited an oil well that will pay you $25,000 per year for 25 years, with the first payment occurring today. If you think a fair return on the well is 7.5%, compounded annually, how much should ask (rounded to the nearest $1) for it if you decide to sell it? Select one $314, 553 $299, 574 $284, 595 $330, 281 Your grandmother just died and left you $100,000 in a trust fund that pays a 6.5% interest rate (compounded annually). You must spend the money on your college education, and you must withdraw the money in 4 equal installments, beginning immediately. How much could you withdraw today and at the beginning of each of the next 3 years and end up with zero remaining in the account? Round your answer to the nearest $1. $27, 409 $26, 038 $28, 779 $24, 736