The interest rate for this lease is 11%. the payments are due on december 31 of each year. the first payment was made on december 31, 2018. the normal cash price for this type of equipment is $145,000 while the cost to perry was $124,000.

You are head of the schwartz family endowment for the arts. you have decided to fund an arts school in the san francisco bay area in perpetuity. every 5 years, you will give the school $ 1 comma 000 comma 000. the first payment will occur 5 years from today. if the interest rate is 5.9 % per year, what is the present value of your gift?

Environmentalists are concerned about emissions of sulfur dioxide into the air. the average number of days per year in which sulfur dioxide levels exceed 150 milligrams per cubic meter in milan, italy, is 29. the number of days per year in which emission limits are exceeded is normally distributed with a standard deviation of 4.0 days. what percentage of the years would exceed 37 days?

If a society decides to produce consumer goods from its available resources, it is answering the basic economic question