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Question: A group of private investors borrowed $30 million to build 300 new luxury apartments near a large university. The money was borrowed at 6% annual interest, and the loan is to be repaid in equal annual amounts (principal and interest) over a 40-year period. Annual operating, maintenance, and insurance expenses are estimated to be $4,000 per apartment, and these expenses are incurred independently of the occupancy rate for the apartments. The rental fee for each apartment will be $12,000 per year, and the worst-case occupancy rate is projected to be 80%.
a. How much profit (or loss) will the investors make each year with 80% occupancy?
b. Repeat Part (a) when the occupancy rate is 95%.
Use Newton's 2nd law to derive the equations of motion for the system shown in Figure 1 where the solid, uniform cylinder of mass m and radius R is rolling on a rough slope without slipping. The cylinder is connected to the fixed surface through t..
Machine 1 is available for 150 hours, machine 2 for 240 hours, machine 3 for 200 hours, and machine 4 for 250 hours. The products also result in different profits, according to the machine they are produced on, because of time, waste and operating..
Refer to the EAI sampling problem. Suppose a simple random sample of 60 managers is used.
A person enters a bank and finds all of the four clerks busy serving customers. There are no other customers in the bank, so the person will start service.
You should give sufficient detail for the arithmetic operations to be carried out but you do not need to write down the complete addition and multiplication tables for the field.
A company sold a $1,000,000 issue of bonds with a 15-year life, paying 4% interest per year. The bonds were sold at par value.
Suppose you want to compare the amount of student loan debt for males and females at StatCrunch U. The null hypothesis for this problem would be that there is no difference in the mean amounts of student loan debt for males and females and the alt..
What is the maximum velocity attained by the mass, and when is it attained? Answer by using the magnify button and include the corresponding picture
Melissa and Priscilla opened a small dress store in a mall. During the first few weeks, business was slow, with the store averaging only 3 customers per hour in the morning (lambda). Assume that the random arrival of customers is Poisson distribut..
Given the following primal problem, where is a symmetric positive semidefinite matrix, derive the dual problem.
A simple random sample of 400 individuals provides 100 Yes responses. What is the point estimate of the proportion of the population that would provide.
Young Energy operates a power plant that includes a coal-fired boiler to produce steam to drive a generator. The company can purchase different types of coals and blend them to meet the requirements for burning in the boiler.
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