Explain what will the total amount paid for the equipment
If the interest rate is 13% explain what will the total amount paid for the equipment be at the end of eighth year? A hospital bought digital imaging equipment annual payments of $243,000 per year over 8 years.
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If Sally divides N by 225 and writes the final result in division algorithm as N=225*P+1003 with the quotient P and remainder 1003. however the correct quotient and remainder is written as N=225
Suppose the average price of art (an asset) is influenced by household incomes only. Historically, this relationship is given by PA = $5,000 + .05 × I, where PA is the price of art and I is household income.
An engineering company just purchased new CAD software for $8000 now and the annual payments of $500 per year for six years starting 2 years from now for the annual upgrades. Determine the present worth of the payments if the interest rate is 6%
The highway department expects cost of maintenance for a piece of heavy structure equipment to be $5000 in year, then increase to $5500 in year 2, and increase the $500 annually till year 10.
Find expressions for the competitive equilibrium price and the quantity if there are n firms in the industry. Determine the equation for how much each firm produces? Calculate the equation for the profit of each firm?
In Las Vegas, there is simple game in which you put down $250 and are given exactly four cards from 52-card deck, one card at time. If you get the 2, 3, 4 and 5 card, in that order, you win $7,000 (the suit doesn't matter). How many possible four-
workers, investors, and consumers will use only information about past economic conditions, and ignore information about current conditions, when making decisions.
Prove the following combinatorial relation: C(2n+2, n+1) = C(2n, n+1) + 2*C(2n, n) + C(2n, n-1). The proof must show proof of equality by left hand side and right hand side.
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