First savings reported transaction deposits of $105 million (the daily average for the latest two-week reserve computation period). its non-personal time deposits over the most recent reserve computation period averaged $37 million daily. assume that reserve requirements are 0% for transaction deposits $0 to $13.3 million, 3% for transaction deposits $13.3 million to $89 million, and 10% for transaction deposits over $89 million. also assume time deposits carry a 0% required reserve. calculate this savings institution’s required daily average reserve balance.

Auniversity spent $1.8 million to install solar panels atop a parking garage. these panels will have a capacity of 400 kilowatts (kw) and have a life expectancy of 20 years. suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kwh), and that the marginal cost of electricity production using the solar panels is zero. hint: it may be easier to think of the present value of operating the solar panels for 1 hour per year first. approximately how many hours per year will the solar panels need to operate to enable this project to break even? a. a.3,696.48 b.14,785.92 c.9,241.20 if the solar panels can operate only for 8,317 hours a year at maximum, the project (would/would not)break even?

mark, a civil engineer, entered into a contract with david. as per the contract, mark agreed to design and build a house for david for a specified fee. mark provided david with an estimation of the total cost and the contract was mutually agreed upon. however, during construction, when mark increased the price due to a miscalculation on his part, david refused to pay the amount. this scenario is an example of a mistake.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)