Econo Nation started 2013 with no national budget debt or surplus. By the end of 2013, it had a budget surplus of $286 million; in 2014, it had a budget deficit of $425 million; in 2015, it had a budget surplus of $100 million, and the amount of its budget deficit or surplus in 2016 is unknown. If at the end of 2016, Econo Nation’s national debt totaled $52 million, determine the deficit or surplus in 2016. Instructions: Enter your answer as a whole number and include a negative sign if there is a deficit. Period Deficit (-) or surplus (+) Debt Beginning of 2013 $0 End of 2013 $286 million 2014 -$425 million 2015 $100 million End of 2016 million $52 million

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above