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Question: Around January 1, 1993, Barbra Streisand signed a contract with Sony Corporation for $2 million a year for 10 years. Suppose the first payment was made on the day of signing and that all other payments were made on the first day of the year. Suppose also that all payments were made into a bank account earning 4% a year, compounded annually.
(a) How much money was in the account
(i) On the night of December 31, 1999?
(ii) On the day the last payment was made?
(b) What was the present value of the contract on the day it was signed?
As a portfolio manager, please formulate and solve the investment portfolio problem using linear programming technique. What are the amounts invest in (1) stocks, (2) real estate, (3) bonds and (4) CD?
From a total of 15 people, three committees consisting of 3, 4, and 5 people, respectively, are to be chosen. How many such sets of committees are possible if there is no restriction on the number of committees on which a person may serve?
A particular brand of dishwasher soap is sold in three sizes: 30 oz, 45 oz, and 65 oz. Twenty percent of all purchasers select a 30-oz box, 50%.
What is the distance between the observer and Q? 2) how much elevation did the plane gain between P and Q?
Find the x-intercept and the y-intercept for 2x-6y=4?
Each of four friends orders a sweatshirt from a catalog. There are 15 colors of sweatshirts, 6 of which are all cotton and 9 of which are a blend. Each one orders a different color (no repeats) at random. What is the probability that the friends o..
CONSUMER SURVEYS In a survey of 120 consumers conducted in a shopping mall, 80 consumers indicated that they buy brand A of a certain product, 68 buy brand B.
A community college had an enrollment of 3500 students in 2004. It is projected that the enrollment will increase by 250 students per year.
In order to boost sales, Quink Inc introduces a new line of Pink Quinks. The revenue equation is given by R(x) = 75 4. x2e-0.09x. What is the maximum revenue?
Find the empirical probability that an iris bulb of this type will bloom. Give answer as a fraction in lowest terms.
Suppose that a county ordinance requires a 2 1/5% 'fall' for a sewage pipe from the house to the main pipe at the street. How much vertical drop to nearest foot must there be for a horizontal distance of 55 feet.?
A kite is flying 70 feet above the ground and is attached to a string tied to a stake on the ground. The angle of elevation formed by the string and the ground is 40°. Find the length of the string to the nearest foot.
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