Computing annuity and sinking fund

Assignment Help Advanced Statistics
Reference no: EM13115186

What is the difference between an annuity and a sinking fund? If you were to set up an annuity today to purchase something in 7 years what would it be for? If you were getting 6% compounded annually what would your payments need to be to reach your goal? What type of payments would you want to make (monthly, quarterly, yearly, etc) and why?

Reference no: EM13115186

Questions Cloud

Determining pert and cpm : Assume you are going to manage a large construction project involving many subcontractors. Why use PERT or CPM to plan the project rather than just logically scheduling the subcontractors?
Explain positive side of high degree of interconnection : A small, undocumented change resulted in the collapse of the VA system, largely due to the high interrelationship between its applications. What is the positive side of this high degree of interconnection, and how does this benefit patients?
Calculate the molar concentration of uncomplexed zinc ion : Calculate the molar concentration of uncomplexed Zn2+ in a solution that contains 0.20 mole of Zn(NH3)42+ per liter and 0.0116 M NH3 at equilibrium.
What happen if company fail to meet guaranteed mileage : What should the guaranteed mileage be if the tire company desires that no more than 2 percent of the tires will fail to meet the guaranteed mileage?
Computing annuity and sinking fund : What is the difference between an annuity and a sinking fund? If you were to set up an annuity today to purchase something in 7 years what would it be for?
Whats the hardness of water : You collected a water sample from your shower containing 3.2mM Ca2+ and 1.1 mM Mg2+ whats the hardness of water in terms of CaCO3/L.
Percentage of batteries is expected to fail-warranty period : A manufacturer of batteries offers a two-year limited warranty. If the battery fails for any reason during the first two years, it is replaced. What percentage of the batteries is expected to fail within the warranty period?
Discuss the shift in valuing direct and indirect : Discuss the shift in valuing direct and indirect use values of resources associated with the Elhwa River.
What is the temperature of the hydrogen gas : If the temperature of the water in your reaction bowl is 23 C, what is the temperature of the hydrogen gas.

Reviews

Write a Review

Advanced Statistics Questions & Answers

  Use of probability for business decisions

In your work environment, identify a probability (either stated or assumed) that is a premise for making decisions and directing action. Potential candidates are customer or competitor behavior, technology or regulatory change, and "forces of natu..

  Revenue and cost problem

Given the following linear revenue function and quadratic cost function for a business firm, calculate the break - even quantity, total revenue, total cost and profit at break even level of production.

  Statistics-sampling and audits

What is the benefit to using statistical vs. random sampling to the auditor? What types of statistical sampling techniques used in auditing are attribute sampling and variables sampling?

  Analysis of cost volume profit

A company sells calculators at $27 each. It has monthly fixed costs of $3800 each and material costs $3 per unit, labour costs of $1 per unit, and other variable costs $10 per unit.

  Draw a two way anova design plot

Draw a two way ANOVA design plot (the mean plot you draw in class) to discuss whether there seems to be any interaction effects of gender and age.

  Purpose of a survey

What is the purpose of a survey? What are 3 examples of a survey, and for what potential purpose could each be used? What guidelines would you follow to ensure the participants of a survey will have their responses kept private?

  Maturity amount for bondholders

On January 1, Bank, Rupp & Baroque, Inc. issued $50,000 worth of 10-year, 9% bonds for $48,890. How much cash will bondholders receive when the bonds mature?

  Canadian taxation accounting

Yvonne had employment income of 46,200, as well as income from an unincorporated business of 13,500. A rental property owned by Yvonne experienced a net loss of 2,350.

  Value of scientific notation

Is there value in expressing things in scientific notation? Specifically, provide an example regarding national debt. Is there any information lost in translation, and is that lost information important?

  Determining the exchange rates of intel

Intel has the choice of borrowing dollars at 9.5% or yen at 7% for one year. The current exchange rate is ?152=$1. At what end of year exchange rate would the yen costs of these two loans be equal?

  Determining break-even point-profit gained

To produce x number of units of glass vases cost C(x)=12x + 39. My revenue is R(x)=25x. Both cost and revenue and cost are in dollars.

  Determine the probability of an event

A contingent liability should be created if it probable that the liability will occur and the amount of the loss can be reasonably estimated. How is the probability of an event occurring determined? Is this based on an estimate of the likelihood of..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd