Strapped for cash, your neighbour makes you the following offer.   He will pay you back the money he borrows today over the next 11 years.  He will make yearly payments with the first payment being for $1041 at the end of this year.   The payments will grow by 18% every year thereafter.   If the appropriate discount rate is 4%, how much would you be willing to lend your neighbour today? (Note: retain at least four places of a decimal in your calculation)

Telecom co. enters into a two-year contract with a customer to provide wireless service (voice and data) for $40 per month. to induce customers, telecom co. provides a free phone. telecom co. normally sells the phone on a stand-alone basis for $200. telecom co. also charges the customer a one-time activation fee of $35.which of the following is true? a) there are two distinct performance obligations: the voice service and the data service b) the free phone constitutes as a marketing expense c) the activation fee is a separate performance obligationd) there are two distinct performance obligations: the wireless services and the phone