1.Several years ago, Ned Stark borrowed $250,000 from the Bank of the Seven Kingdoms and used it to buy an apartment building.Mr. Stark, very busy visiting Winterfell, has not been able to rent any of the apartments in the building and has not made any principal payments on the loan, but he has paid all of the interest due. Mr. Stark has fallen on hard times and his only asset is the apartment building, which is now worth $187,500 and which now has an adjusted basis of $125,000. If the bank cancels the debt in exchange for the apartment building, what are the income tax consequences to Mr. Stark?

2.The marginal cost of a product can be thought of as the cost of producing one additional unit of output. Forexample, if the marginal cost of producing the 50th product is$6.20, it cost$6.20 to increase production from 49 to 50 units of output. Suppose the marginal cost C(in dollars) to produce x thousand mp3 players is given by the function Upper C left parenthesis x right parenthesis equals x squared minus 140 x plus 8300.C(x)=x2140x+8300.

A. How many players should be produced to minimize the marginalcost?

B. What is the minimum marginalcost?

3.How much would you need to deposit in an account now in order to have $6,000 in 15 years? Assume the account earns 3% interest compounded continuously.

4.I have a $1500.00 Treasury bond with a current yield of 2.7% that is quoted at 113.7 points. I need to Compute the annual intrest. What is the equation and what do the points mean?

5.Your friend promises you a perpetuity of paying you some money forever.If the first payment is at year 2, the first payment is $10 and PV0 for this perpetuity is $150, what is the interest rate?

6.if the price change of cars parallels the change in the cpi. what would a car sell for in 2005 if a comparable model sold for $10,000 in 1990?

7.You want to be able to withdraw 25,000 from your account each year for 20 years after you retire. You expect to retire in 30 years. If your account earns 8% interest how much will you need to deposit each year until retirement to achieve your retirement goals?

8.You have 500,000 saved for retirement. Your account earns 5% interest. How much will you be able to pull out each month, if you want to be able to take withdrawals for 15 years? Round to the nearest dollar.

9.What is internal audit

10.You want to be able to withdraw 40,000 each year for 15 years. Your account earns 8% interest. How much do you need in your account at the beginning?