4. 280 labor hours were required to produce the first unit in a production run. 90 labor hours were required to s produce the 5h unit. You have been asked to determine a quote for an order of 7 units. If the labor rate is $25.00 per hour, how much will the labor cost be for this order? 2 5. The cost of a 110hp generator today is $155,000. The cost of a 6Shp generator 6 years ago was $$6,000. The generator equipment index today is 193 and 6 years ago it was 143. Calculate the power sizing exponent for this equipment. 6. You borrowed $125,000 to buy a house. The interest rate is 7% per year, and payments will be made monthly over the next 25 years. How much will you still owe on this loan after 160 payments have been made? ) You borrowed $10,000 and agreed to pay $ 1000 per year. Interest is 6.5% per year. You do not make payments in years 6 and 7. You begin making payments again in year & with the payment amount now being $1500. What will be the amount of the last payment on this loF/e 6.5, 5)-10o :5,5-2oo7 8. You plan to retire in 25 years. You are going to deposit an amount beginning one year from now and the end of year 25. At the end of your first year of retirement you plan to withdraw $80,000, and makeanaga withdrawal for each of the next 15 years. You believe you can invest at 12%. If each deposit over the nemar will be the same amount each year, how much does it need to be? e an additional years 9. You have just won a lottery that promises you $70,000 per year for the rest of your life. Alternatively take a lump sum payment today. Assuming that you are going to life forever and that the interest rate is should the lump sum be? you can is 8.0%, what 10. Money is invested at 1 1 5% nominal annual rate, Interested is compounded twice per year., How much $1500 deposited today be worth in 15 years