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1)A widget-maker is buying a new machine
1)A widget-maker is buying a new machine. The machine costs 96 and is being depreciated over 10 years using straight-line depreciation. The firm has a marginal tax rate of 22%. What is the capital gain on the machine if it is sold after 4 years for 35.
2)On September 26, 2010, Andrew received $3,750 from his father. He settled this amount on March 6, 2011 with interest of $141.18. a. What was the time period of the loan, expressed in days (rounded up to the next day)? 0173 O 161 O 150 O 177 b. What was the annual rate of simple interest charged for this loan? O 0.85% 0.23% O 2.81% O 8.54%
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