(a) If a developer plans to purchase a site for $19.778 billion on borrowed money at 5 per cent and then to start a development before selling the completed scheme in 4 years later when the capital spent on the land with rolled-up interest will need to be repaid to the bank. How much the bank will be expecting when the scheme is completed in 4 years' time? (b) Calculate the value today of the right to receive the rental income of $1,700,000 at the end of each year for the next 3 years if a return of 4% is to be received from the purchase. (c) If you have just won the lottery and will receive equal payments of $190,000 at the end of each year for the next 20 years. Your attorney offers to pay you $2,000,000 today if you will agree to give him the stream of payments. If 2% is the appropriate rate, should you accept this offer? (d) Suppose your family purchases a new flat. The property price is $5,200,000.70% of the property value is arranged to be repaid by mortgage for 25 years. The interest rate is to be 4.5%. Calculate the amount of monthly repayment required for the mortgage.