Your father has $400000 invested at 7 percent, and he wants to retire. He plans to withdraw $55000 at the beginning of each year, starting now. How long will it take to exhaust his funds, i.e., run the account down to zero? Your Answer: Answer units Question 19 (4 points) You have just won a lottery that promises to pay you and your heirs $3500 per year forever, beginning in one year. Since you desperately need the cash today, for how much could you sell this stream of cash, in order to earn 11 percent? Your Answer: Answer units Question 20 (4 points) Suppose that you borrowed $13000 for 6 years at 3 percent per year, compounded monthly. Your monthly loan payment is: Your Answer: Answer units