A​ 1-inch-high stack of​ $100 bills contains about 250 bills. In​ 2010, the gross federal debt was approximately 19.5 trillion dollars.   ​(a) If the entire federal debt were converted into a stack of​ $100 bills, how many feet high would it​ be?   ​(b) The distance between city A and city B is approximately 7300 miles. Could this stack of​ $100 bills reach between these two​ cities?

In decimal notation, the average amount of taxes paid is % of the total amount of money taken in. In scientific notation, the average amount of taxes paid is % of the total amount of money taken in. The total amount of money taken in by the federal government in 2014 was about 3.51 trillion dollars. Among those earning 10 million dollars or more, the average amount of taxes paid was $7.83 x 10°. That's an awful lot of money. But what percentage is that of the government's revenue? Write in both decimal and scientific notation. Round your answer to seven decimal places for decimal notation, and one decimal place for scientific notation. In decimal notation, the average amount of taxes paid is In scientific notation, the average amount of taxes paid is % of the total amount of money taken in % of the total amount of money taken in. X C.D

(Related to Checkpoint 18.2) (Calculating the cost of short-term financing) The R. Morin Construction Company needs to borrow $110,000 to help finance the cost of a new $165,000 hydraulic crane used in the firm's commercial construction business. The crane will pay for itself in one year, and the firm is considering the following alternatives for financing its purchase: Alternative A. The firm's bank has agreed to lend the $110,000 at a rate of 13 percent. Interest would be discounted, and a 15 percent compensating balance would be required. However, the compensating-balance requirement is not binding on the firm because it normally maintains a minimum demand deposit (checking account) balance of $27,500 in the bank. Alternative B. The equipment dealer has agreed to finance the equipment with a 1-year loan. The $110,000 loan requires payment of principal and interest totaling $128,909. a. Which alternative should Morin select? b. If the bank's compensating-balance requirement had…

Smith Inc. currently fills mail orders from all over the country and receipts were received in its head office. The company's average accounts receivable is P3,125,000 and is financed by a bank loan with 10% interest. Smith is considering a regional lockbox system to speed up collections. This system is projected to reduce the average accounts receivable by 15%. The annual cost of the lockbox system is P25,000. What is the estimated net annual savings in implementing the lockbox system? A. 22,985 B. 28,455 C. 25,750 D. 21,875

6. Marly Bank currently has $650 million in transaction deposits on its balance sheet. The current reserve requirement is 10 percent, but the Federal Reserve is decreasing this requirement to 9 percent. a. Show the balance sheet of the Federal Reserve and Marly Bank if Marly Bank converts all excess reserves to loans, but borrowers return only 60 percent of these funds to National Bank as transaction deposits. b. Show the balance sheet of the Federal Reserve and Marly Bank if Marly Bank converts 90 percent of its excess reserves to loans and borrowers return 75 percent of these funds to Marly Bank as transaction deposits.

The committee decided to secure a loan of $2,400,000 for the overall project. They got two offers from banks. - MC bank - pay in 24 months, $100,000 p/month of repayment, at an annual simple interest rate of 5% for the total loan - CS bank - pay in 16 months, $150,000 p/month of repayment at, an annual compound interest rate of 6% for the total loan The committee needs to decide which bank they should go with. So, they hired you as their financial advisor. 4. Create two amortization tables showing Payment number, Payment, Interest, Principal Reduction , Balance and total payments for Simple interest and Compound interest. 8. The city expects the population in the Residential Infrastructure area to grow exponentially at a rate of 2% per year. a. Calculate the projected population after 10 years if the current population is 50,000 (define a recurrence relation to answer this question). b. Draw a graph illustrating the population growth over 10 years. The city planning committee is…