You just received notice that you have won the $30 million Indiana Lottery. You will receive $1,000,000 per year for 30 years with your first payment received today. What is the present value of these payments if the appropriate discount rate is 8%? You want to buy a new F150 electric truck for $50,000, and the finance office at the dealership has quoted you a 6% loan for 60 months to buy the truck, your trade-in allowance is $10,000. What will your monthly payment be if the first payment is due at the end the month? Sandy just graduated from college. She accumulated $25,000 in student loans. She will pay the loans off over 10 years and the first monthly payment is due in 1 month (assume an 5% interest rate). Calculate the amount of her payment.