How to calculate the modified internal rate of, Financial Management

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How to calculate the modified internal rate of

1. If Allison has saved $1,000,000 upon retirement, how much money can she live on each year if she can earn 4% per year and will end with $0 when she expects to die 30 years after retirement?

2.You want to buy a new sports car for $51,800. The contract is in the form of a 48-month annuity due at an APR of 7.8 percent, compounded monthly. What would be your monthly payment?

3. How to calculate the modified internal rate of return.

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