1. Compute the requried monthly payment on a $150,000 30-year fixed-rate mortgage with a nominal interest rate of 8%. What is the balance due at the end of the first year?

2. A project is expected to produce benefits of $10 million in year 10 and $100 million in year 30. What is the net present value of these benefits, assuming a discount rate of 7%?

3. Oriole Company applies overhead to production at a predetermined rate of 90% based on direct labor cost. Job No. 250, the only job still in process at the end of August, has been charged with manufacturing overhead of $7200. What was the amount of direct materials charged to Job 250 assuming the balance in Work in Process inventory is $35000?

$ 7200.

$19800.

$ 8000.

$35000.