Calculate the break even number of units with a target profit of $120,000 if the fixed expenses are $15,000 and the contribution margin is $60 per unit.

An investor plans to invest $500 a year and expects to get a 10.5% return.If the investor makes these contributions at the end of the next 20 years, what is the present value of this investment today?

What is the present value (PV) of a 12-year lease arrangement with an interest rate of 7.5 percent that requires annual payments of $4,250 per year with the first payment being due now?