Harry has just inherited $300,000. harry has decided to quit his job and go to school full time for the next five years by living off this inheritance. harry will invest the $300,000 in a money market account that has an 8% interest rate. if harry's goal is to use up the entire inheritance, approximately what amount can he withdraw from the money market account each year for the next five years? assume that his first withdrawal will be one year from the day that he sets up the account.

Suppose that a candy maker owns a building and is renting part of the building's space to a doctor. further suppose that because the candy maker is the owner, he has the right to make noise during the day while he makes candy. while the doctor cannot insist on a quiet environment, the doctor could move to a quieter building. however, rent in the next best building is $350/month more than rent in the noisy building. the candy maker can adopt a new technology that eliminates the noise for $275/month. given this situation, can the doctor find a private solution with the candy maker that will make both better off?