Sara has been reading about different types of financial grants, including federal pell grants, academic
competitiveness grants, smart grants, and teach grants.
which statement about these grants is true?
filling out a fafsa will not her apply for these grants.
she will not have to pay back any funds she receives from these grants.
these grants only go to students with less than a 3.0 gpa.
she will have to pay back all the funds she receives from these grants.

Benning manufacturing company is negotiating with a customer for the lease of a large machine manufactured by benning. the machine has a cash price of $980,000. benning wants to be reimbursed for financing the machine at a 9% annual interest rate. (fv of $1, pv of $1, fva of $1, pva of $1, fvad of $1 and pvad of $1) (use appropriate factor(s) from the tables provided.) required: 1. determine the required lease payment if the lease agreement calls for 10 equal annual payments beginning immediately. 2. determine the required lease payment if the first of 10 annual payments will be made one year from the date of the agreement. 3. determine the required lease payment if the first of 10 annual payments will be made immediately and benning will be able to sell the machine to another customer for $68,000 at the end of the 10-year lease.