Pennies may have been useful several years ago; however‚ now they are inconvenient and obsolete. As an American citizen who pays with U.S. currency almost every day and almost every day‚ inconvenienced by the use of pennies. Pennies make even less sense provided the fact that the United States Government has made such a large amount of pennies that the materials used to make pennies are worth more than a penny itself. Other countries have already done this and it is working out well for them‚ therefore
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1. What is the present value of a 10-year‚ pure discount bond paying $1‚000 at maturity if the appropriate interest rate is: a. 5 percent? b. 10 percent? c. 15 percent? 2. Microhard has issued a bond with the following characteristics: Principal: $1‚000 Time to maturity: 20 years Coupon rate: 8 percent‚ compounded semiannually Semiannual payments Calculate the price of this bond if the stated annual interest rate‚ compounded
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There are four major factors that often contribute to the formation of hydrothermal copper porphyry: 1) readily available mineralizing fluid solutions that dissolve and transport metals‚ 2) openings in rocks which allow permeable flow of hydrothermal fluids and the metals that they transport in solution‚ 3) available sites within the fractured rocks which allow for deposition of the minerals from solution‚ and 4) the requisite chemical reactions that contribute to that deposition (Bateman‚ 1967)
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walked past a penny on the ground or carelessly dropped it on the floor and not picked it up‚ thinking that a penny is not worth your time. The Canadian mint produces nearly one billion pennies a year and sets them off for circulation where most of them will spend their time on the streets or collected in jars. The Royal Canadian Mint says it costs only 0.7 cents to make a penny but if you factor in other costs such as shipping the pennies to banks then it could add up to 4 cents per penny. Surely we
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A Sequence of Chemical Reactions: Transforming Copper Briefly describe. a) Why must you carry out the oxidation of Cu with HNO3 in a fume hood? Concentrated nitric acid is a toxic oxidant. Avoiding skin contact or inhalation is highly important. The reaction between Cu and HNO3 produces NO2‚ a toxic brown gas; therefore working under the fume is necessary in order to prevent inhaling the toxic gas. b) Why you should be particularly careful when you work with 3 M H2SO4 solution? Sulfuric acid
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Lincoln Penny There are changes from small to big to the Lincoln penny. Over the years‚ there were several reasons for changes made to the Lincoln penny. This included changes in its appearance and in its make-up. According to the passage‚ the Lincoln penny had the initials of the designer‚ Victor D. Brenner on it. Americans complained the initials were too big and needed to be removed. This resulted in them removing them and later putting them back on‚ just smaller. Nowadays pennies from 1909
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Son‚ Father and the Penny Pete is a naive protagonist in the story “Penny in the Dust” by Ernest Buckler. When Pete was being imaginative playing with the penny in the dust‚ he lost the penny‚ and he had to get his father to help him find it. Pete’s father asked Pete why he was hiding‚ Pete said "“I wasn’t hiding‚ father‚” I said‚ “honest – I was – I was burying my penny and making out I was digging up treasure. I was making out I was finding gold. I didn’t know what to do when I lost it‚ I just
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Copper is an element that occurs in minor amounts in the earth’s crust. Estimates of average crustal prevalence are on the order of 0.0058 percent by weight. Deposits considered to be economically recoverable at current market prices may contain as little as 0.5 percent of copper or less‚ depending on the mining method‚ total reserves‚ and the geologic setting of the deposit. Here is the flow sheet on how to process copper from Zenith. Copper Process Flow Sheet: Copper ore is first quarried from
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Title: Penny Lab Experiment By -Objectives To determine how soap affects the surface tension of water. -Hypothesis In this experiment the hypothesis was that soap was going to affect the surface tension by weakening the bonds and allowing less water on the penny. -Materials * Penny * Beaker x2 (One containing soapy water the other containing pure tap) * Paper towels * Lab review sheet * Pencil * Pipette -Procedure First we picked who would drop the water onto
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Pennies may have been practical several years ago; however‚ now they are inconvenient and obsolete. As an American citizen who pays with U.S. currency almost every day and almost every day‚ inconvenienced by the use of pennies. Pennies make even less sense provided the fact that the United States Government has made such a large amount of pennies that the materials used to make pennies are worth more than a penny itself. Other countries have already done this and it is working out well for them‚
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