7. The City of Aubum has decided to build a softball complex and the city council has already voted tofund the project at the level of $800,000 (initial capital investment). The city engineer has collected thefollowing financial information for the complex project.Annual upkeep costs: $120,000Annual utility costs: $13,000Renovation costs: $50,000 for every 5 yearsAnnual team user fees (revenues): $32,000Useful life: InfiniteInterest rate: 8%If the city can expect 40,000 visitors to the complex each year, what should be the minimum ticket price perperson so that the city can breakeven?In answering the question, identify the range that contains the solution.A. Price: greater than $2.50 and less or equal $3.00Price: greater than $3.00 and less or equal $3.50Price: greater than $3.50 and less or equal $4.00Price: greater than $4.00 and less or equal $4.50В.C.D.

Answered: Image /qna-images/answer/2a875979-a01f-4d64-acec-6cb596cdc55f.jpg

Answered: 7. The City of Aubum has decided to…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Ashley has earmarked at most $550,000 for investment in three mutual funds: a money market fund, an international equity fund, and a growth-and-income fund. The money market fund has a rate of return of 6%/year, the international equity fund has a rate of return of 10%/year, and the growth-and-income fund has a rate of return of 15%/year. Ashley has stipulated that no more than 25% of her total portfolio should be in the growth-and-income fund and that no more than 50% of her total portfolio should be in the international equity fund. To maximize the return on her investment, how much should Ashley invest in each type of fund? money market fund $ international equity fund $ growth-and-income fund $ What is the maximum return?$
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As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments (in thousands of dollars): Year 1 2 3 4 5 6 Payment 190 215 240 285 315 460 The annual payments must be made at the beginning of each year. The judge will approve an amount that, along with earnings on its investment, will cover the annual payments. Investment of the funds will be limited to savings (at 4% annually) and government securities, at prices and rates currently quoted in The Wall Street Journal. Hoxworth wants to develop a plan for making the annual payments by investing in the following securities (par value=$1000) . Funds not invested in these securities will be placed in savings. Security Current Price Rate (%) Years to Maturity 1 $1055 6.750 3 2 $1000…
As part of the settlement for a class action lawsuit, Hoxworth Corporation must provide sufficient cash to make the following annual payments (in thousands of dollars): Year 1 2 3 4 5 6 Payment 190 215 240 285 315 460 The annual payments must be made at the beginning of each year. The judge will approve an amount that, along with earnings on its investment, will cover the annual payments. Investment of the funds will be limited to savings (at 4% annually) and government securities, at prices and rates currently quoted in The Wall Street Journal. Hoxworth wants to develop a plan for making the annual payments by investing in the following securities (par value=$1000) . Funds not invested in these securities will be placed in savings. Security Current Price Rate (%) Years to Maturity 1 $1055 6.750 3 2 $1000…
Apple Plans to have 30% Increase of iPhone Production in First Half of 2021 Apple Incorporation plans to manufacture up to 96 million iPhones in the first half of 2021, a nearly 30% year-on-year increase, Nikkei reported. It has asked suppliers to produce around 95 million to 96 million iPhones, including the latest iPhone 12 range as well as older iPhone 11 and SE, though shortage of key parts could threaten the target, the report said, citing people familiar with the matter. This would mark a 20% rise from 2019 although the target will be regularly reviewed and revised in response to any changes in consumer demand, according to the report. The tentative full-year forecast that the iPhone maker shared with its suppliers suggests it plans to make up to 230 million iPhones in 2021, including both old and new models, the report said. Required: (a) The production volume for iPhone has shown an uptrend for three consecutive quarters since the 3 rd quarter of 2020. It started with…
First, it could buy at par a $10,000 government bond with a $500 annual coupon that matures in three years. • Second, it could use the $10,000 to buy machine A, which generates revenue of $3,800 per year for three years, at which point it has a scrap value of $0. • Third, it could use the $10,000 to buy machine B, which generates revenue of $11,600 in year three, but nothing in years one and two. Machine B also has a scrap value of $0 after year three. Ps.I need you to tell me how to find interest rates in detail

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