Consider a piece of equipment for which the expenditure at the beginning of period 1 is $30,000 The net cost at the end of year 1 is $6,000. The net cost at the end of year 2 is $8,000. The net cost at the end of year 3 is $10,000. The net cost at the end of year 4 is $5,000. With an interest rate of 4%, what is the net present value of this cost stream at the beginning of period 1

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Identify whether the statements are true or false by dragging and dropping the appropriate term into the bin provided. long-run economic growth is unlikely to be sustainable because of finite natural resources. in the modern economy, countries that possess few domestic natural resources essentially have no chance to develop economically. finding alternatives to natural resources will be very important to long-term economic growth. in the modern economy, human and physical capital are generally less important in productivity than natural resources. in the 19th century, countries with the highest per capita gdp were nearly always abundant in minerals and productive farming land.

Anational survey asked people, "how often do you eat out for dinner, instead of at home? " the frequencies were as follows.