Amachine is purchased by making payments of $16,000 at the beginning of each of the next five years. the interest rate was 10%.the future value of an ordinary annuity of 1 for five periods is 6.10510.the present value of an ordinary annuity of 1 for five periods is 3.79079.what was the cost of the machine? a. $60,654b. $66,718c. $107,450d. $97,682

Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal.b) rental rates in france will increase.c) wages in france will decrease.d) rental rates in portugal will increase.