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A bridge has maintenance costs of $80,000 now, $100,000 seven years from now, and annual costs of $10,000 per year starting in year 10 and lasting forever. What is the equivalent annual cost if the interest rate is 10% per year?
Business Economics, Economics
In a survey of women in a certain country? (ages 20-?29), the mean height was 65.3 inches with a standard deviation of 2.71 inches. Answer the following questions about the specified normal distribution. ?(a) What height ...
A student raises her hand in class and states, "I can legally copy any DVD I get from Netflix because Netflix purchased the DVD and the copyright only applies to the company who purchased the product." Explain whether th ...
What P-value was found when determining whether there is a difference in the IQ of girls and boys in problem 6? Should you reject the null hypothesis? 1. P-Value = 0.465. Yes, you should reject the null hypothesis which ...
Why is the US banking system known as a dual banking system? What historical developments led to that structure? How is the structure justified today?
Example of a utility function which doesn't have a solution to the consumer utility maximization problem for strictly positive prices p >> 0 and income y > 0.
For the following two questions, please, determine the correct hypothesis test, state the null and research hypotheses in words and in symbols, then conduct the hypothesis test, and report the results in writing. 1. A re ...
A farmer wants to test the effectiveness of a pest control method in allowing strawberry blooms to yield marketable strawberries. In a pilot study of a random sample of 100 blooms, 77 yield marketable strawberries. What ...
A different ethanol processing facility costs $800,000 to construct but will instead last forever. Every year (starting the year after construction), it produces 10,000 barrels of ethanol and can charge a price of $4 per ...
Do you think that the taxicab industry in large cities would be subject to significant economies of scale? Why or why not?
Assume student employees at wmu make an average of $12 an hour with a standard deviation of $3. Assuming these hourly wages are normally distributed. What is the chance a randomly selected student employee makes more tha ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As