Amanager needs to buy chairs for his office. the price for one chair is $79.99. if the manager buys 2 or more chairs, he will receive a 40% discount on each chair. approximately how much will the manager save on each chair if he buys 2 chairs?

Suppose that the firm cherryblossom has an orchard they are willing to sell today. the net annual returns to the orchard are expected to be $50,000 per year for the next 20 years. at the end of 20 years, it is expected the land will sell for $30,000. calculate the market value of the orchard if the market rate of return on comparable investments is 16%.