Number of Workers Daiy Wage $5 $6 10 $7 11 S8 The table above shows the supply schedule for workers in a labor market. Assuming that al workers are paid the same wage, the marginal cost to a firm of increasing its mumber of weders fiom 10 to 11is O s8 O SII O SIS O SSS

Your savings account balance at the end of May was $500. You made a $200 deposit on June 4 and withdrew $100 on June 25.  Calculate your average (mean) daily balance for June.

Susan has a choice between two perpetuities payable at the beginning of every month. The first pays $100 today and increases by 1% every month. The second pays $100 today and increases by $X every month. These two annuities are equally valuable at i= 20%. Find X.

Given the following data: E = ¥110 = $1.00 E+1 = ¥110 = $1.00 {one year later} İJapan = 5% annually İus. = 5% annually Calculate the future value of a $1,000 investment. If the $1000 is invested in the U.S., the future value is S (Round your response to two decimal places.)

A5

Q:6 a and b

Dana was dating Wade, a wealthy real estate entrepreneur. Wade was much older than Dana and knew he needed to offer something “special” to make her stay. Wade told Dana that if she continued dating him, he would pay her $10,000 a month. Wade paid Dana for two years when suddenly, for no apparent reason, he stopped the monthly payments. Dana stayed with Wade for another six months, but decided enough was enough and left. She wanted the $60,000 she was owed for the six months; Wade refused to pay her. Is Dana entitled to the $60,000?

the answer to this question is Q3.14=$94.13 but we just need to find how we get that answer for these questions, please help 3.14 (LG 3.4) It is May 1. You have just bought $2000 worth of furniture. You will pay for it in 24 equal monthly payments, starting at the end of May next year. Interest is 6 percent nominal per year, compounded monthly. How much will your payments be?

You are considering investing in ICI. Suppose ICI is currently undergoing expansion and is not expected to change its cash dividend while expanding for the next 4 years. This means that its current annual $3.00 dividend will remain for the next 4 years. After the expansion is completed, higher earnings are expected to result causing a 30% increase in dividends each year for 3 years. After these three years of 30% growth, the dividend growth rate is expected to be 2% per year forever. If the required return for ICI commonstock is 11%, what is a share worth today?

Many retirement funds charge an administrative fee equal to 0.25% on managed assets.  Suppose that Alex and Spenser each invest $50,000 in the same year. Alex invests in a no-load fund (that doesn’t charge the 0.25% fee) and earns 5% a year.  Spenser uses another retirement fund that charges the 0.25% fee and so only earns 4.75%.  After 30 years, how much more will Alex have than Spenser?