The 2016 financial statements for Leggett & Platt, Inc., report the following information:
Year ended December 31, 2016 2015
(In millions)
Depreciation expense $ 86.8 $ 83.5
Property and equipment, net 565.5 540.8
Land 37.7 40.0
Accumulated depreciation 1,165.4 1,146.5
Required:
1. Which of the following estimates the property and equipment's percent-used-up at December 31, 2016?
Select one:
A. 68.8%
B. 45.4%
C. 16.9%
D. 42.3%
E. None of the above

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

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