Total area under the normal curve
What is the total area under the normal curve?
Is it
a) 0.5
b) 1
c) it depends on the standard deviation
d) it depends on the mean
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The City of Jamestown has agreed to acquire a new citymaintenance building under a capital lease agreement. At theinception of the lease, a payment of $100,000 is to be made.
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Cantrell Company has already manufactured 21,000 units of Product A at a cost of $25 per unit. The 21,000 units can be sold at this stage for $540,000.
How much should Mr. Jones put in the bank today to cover the maintenance of the car for the five years? Assume that the bank gives 8% interest, compounded annually.
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