Cal Lury owes $25,000 now. A lender will carry the debt for four more years at 10 percent interest. That is, in this particular case, the amount owed will go up by 10 percent per year for four years. The lender then will require that Cal pay off the loan over the next 12 years at 13 percent interest. What will his annual payment be

Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)