Q1. What is the capitalized cost of expenditures of $3,000,000 now, $50,000 in months 1 through 12, $ 100,000 in months 13 through 25, and $50,000 in months 26 through infinity if the interest rate is 2% per year, compounded monthly?
Q2. If contract promises were not exempt since acts of war, could clearing and settlements clients of Bank of New York change their behavior if so, how? What reliance performance would be measured efficient? Elucidate reliance behavior which would be considered excessive?