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1. Tristan Sandino is selling his motorcycle. He has been offered $500 cash plus monthly payments of $250 for 3 years, followed by $150 monthly

1. Tristan Sandino is selling his motorcycle. He has been offered $500 cash plus monthly payments of $250 for 3 years, followed by $150 monthly for the next year. What is the net present value of these payments (NPV)? Assume money is worth 1.2% compounded monthly. Round to the nearest cent.

2. Francesca Deltoro is selling an elliptical that she had purchased for $1,295. She would like to make a profit of 15% based on selling price. What should she charge?

3. Sports Haven produces a brand of running shoe priced at $145.90. Fixed costs are $10,200 a month; variable cost per pair of shoes is $15. How many pair of shoes must be sold each month to break even?

4. Gundersons Hardware paid $3,118.40 last year in property taxes. Find the fair market value of the property if the tax rate is $2.60 per $100 with an assessment rate of 80% of fair market value. Round to the nearest whole dollar.

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