A firm is considering which of two devices to install to reduce costs in a particular situation. Both devices cost $50,000 and have useful lives of five-years with no salvage value. Device A can be expected to result in $600 savings annually. Device B will provide cost savings of $1,000 the first year, but will decline by $100 annually, making the second year's benefits $900, the third year $800, and so forth. Determine the equivalent uniform annual benefit for each device and state which the device the firm should use. Assume a 7% interest rate. (Hint - see slide 20 from the 3/25/21 lecture.)

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

An investment counselor calls with a hot stock tip. he believes that if the economy remains strong, the investment will result in a profit of $40 comma 00040,000. if the economy grows at a moderate pace, the investment will result in a profit of $10 comma 00010,000. however, if the economy goes into recession, the investment will result in a loss of $40 comma 00040,000. you contact an economist who believes there is a 2020% probability the economy will remain strong, a 7070% probability the economy will grow at a moderate pace, and a 1010% probability the economy will slip into recession. what is the expected profit from this investment?

Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).