In may 1868, an entrepreneur issued $1000 bonds (to pay for an access road in a city). the bonds carried an 8% annual interest rate payable semiannually. the entrepreneur paid the interest until may 1894, at which time the city assumed responsibility for the bonds (and the road they financed). (a) the first of these bonds matured in may 2010. at that time, how much interest had the city paid on this bond? (b) another of these bonds will not mature until may 2143! at that time, how much interest will the city have paid on this bond?

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

What does the phrase limited liability mean in a corporate context?

Each of the four independent situations below describes a sales-type lease in which annual lease payments of $12,500 are payable at the beginning of each year. each is a finance lease for the lessee. (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.) situation 1 2 3 4 lease term (years) 3 3 3 3 asset’s useful life (years) 3 4 4 6 lessor’s implicit rate (known by lessee) 14 % 14 % 14 % 14 % residual value: guaranteed by lessee 0 $ 5,000 $ 2,500 0 unguaranteed 0 0 $ 2,500 $ 5,000 purchase option: after (years) none 2 3 3 exercise price n/a $ 7,500 $ 1,500 $ 3,500 reasonably certain? n/a no no yes