Friendly’s quick loans, inc., offers you $8.25 today but you must repay $10.45 when you get your paycheck in one week (or else). what is the effective annual return friendly’s earns on this lending business? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) effective annual return 1,386.67 % if you were brave enough to ask, what apr would friendly’s say you were paying? (do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e. g., 32.16.) annual percentage rate

You are head of the schwartz family endowment for the arts. you have decided to fund an arts school in the san francisco bay area in perpetuity. every 5 years, you will give the school $ 1 comma 000 comma 000. the first payment will occur 5 years from today. if the interest rate is 5.9 % per year, what is the present value of your gift?

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.

Computing equivalent units is especially important for: (a) goods that take a relatively short time to produce, such as plastic bottles. (b) goods with sustainability implications in their production processes. (c) goods that are started and completed during the same period. (d) goods that take a long time to produce, such as airplanes.