Your flock of chickens need methionine (hydrophobic and nonp…

Your flock of chickens need methionine (hydrophobic and nonpolar amino acid) in their diet in order to grow out feathers and reduce the risk of cannibalistic behavior; however, the prepared diet you purchased contains more leucine (hydrophobic and nonpolar amino acid) than methionine. What potential problems do you foresee? 

You have just borrowed $250,000 from First Source Bank to pu…

You have just borrowed $250,000 from First Source Bank to purchase your new home. You took out a 30-year mortgage and the Annual Percentage Rate (APR) on the loan is 12% per year, compounded monthly. Your monthly payment is $2,571.53 and your first payment must be made one month from today. How much of your 360th payment (your last payment) is interest?

The following information is used for the next two questions…

The following information is used for the next two questions: Suppose you graduate from college today at age 23 (time t=0) and want to retire at age 60 (time t=37).  You expected earn an effective annual rate of 10% on your retirement savings.  You will make equal, end-of-the-year deposits to your account, with the goal to have $3,000,000 in your retirement account when you retire.

In commercial real estate financing, it is common to assume…

In commercial real estate financing, it is common to assume each month has 30 days and each year has 360 days (not surprisingly, this method is called 30/360).  Suppose you are offering a commercial real estate loan to a customer with an APR of 9.00% with DAILY compounding of interest.  The loan that requires no money down and MONTHLY payments of $4,000 for five years starting one month from today.  What is the correct interest rate r to use in the annuity formula?