You plan to borrow $144,000 now and repay it in 25 equal annual installments (payments will be made at the beginning of each year). If the annual interest rate is 15%, how much will your annual payments be? a. $3,586.99
b. $22,276.71
c. $4,374.38
d. $19,371.06
e. $27,177.59

In 2017, "a public university was awarded a federal reimbursement grant" of $18 million to carry out research. of this, $12 million was intended to cover direct costs and $6 million to cover overhead. in a particular year, the university incurred $4 million in allowable direct costs and received $3.4 million from the federal government. it expected to incur the remaining costs and collect the remaining balance in 2018. for 2017 it should recognize revenues from the grant of