A bank is negotiating a loan. The loan can either be paid off as a lump sum of $ 150 comma 000 at the end of six years, or as equal annual payments at the end of each of the next six years. If the interest rate on the loan is 8%, what annual payments should be made so that both forms of payment are equivalent

Qwest airlines has implemented a program to recycle all plastic drink cups used on their aircraft. their goal is to generate $7 million by the end of the recycle program's five-year life. each recycled cup can be sold for $0.005 (1/2 cent). a. how many cups must be recycled annually to meet this goal? assume uniform annual plastic cup usage and a 0% interest rate. b. repeat part (a) when the annual interest rate is 12%. c. why is the answer to part (b) less than the answer to part (a)?