Megan used a reconciliation worksheet provided by her bank. line 5 should equal line 6 at the end of the reconciliation, but it does not. friendly bank reconciliation worksheet amount 1. enter the statement closing balance. $ 487 13 2. enter the sum of any outstanding deposits or credits. $ 186 68 3. add lines 1 and 2. $ 673 81 4. enter the sum of any outstanding checks or debits. $ 174 01 5. subtract line 4 from line 3. $ 499 80 6. enter your checkbook balance. $ 362 60 note: lines 5 and 6 should be equal at the end of the reconciliation. megan wants to first look for a single transaction that could have caused this problem with reconciliation. what is the amount of the transaction that megan should look for in order to find a solution to the problem?

Suppose that a major city’s main thoroughfare, which is also an interstate highway, will be completely closed to traffic for two years, from january 2014 to december 2015, for reconstruction at a cost of $535 million. if the construction company were to keep the highway open for traffic during construction, the highway reconstruction project would take much longer and be more expensive. suppose that construction would take four years if the highway were kept open, at a total cost of $800 million. the state department of transportation had to make its decision in 2014, one year before the start of construction (so that the first payment was one year away). so the department of transportation had the following choices: (i) close the highway during construction, at an annual cost of $267.5 million per year for two years. (ii) keep the highway open during construction, at an annual cost of $200 million per year for four years. now suppose the interest rate is 80%. calculate the present value of the costs incurred under each plan.