Individual retirement account with the maximum contribution

Assignment Help Operation Management
Reference no: EM13761567

A. China Manufacturing Agents, Inc. is preparing a five-year plan. Today, sales are $1,000,000. If the growth rate in sales is projected to be 10 percent over the next five years, what will the dollar amount of sales be in year five?

B. Dan and Jia are newlyweds and have just purchased a condominium for $70,000. Since the condo is very small, they hope to move into a single-family house in 5 years. How much will their condo be worth in 5 years if inflation is expected to be 8 percent per year?

C. Calculate the value today at t = 0 of a $25,000 perpetuity at a 14 percent discount rate.

D. Bill plans to fund his individual retirement account (IRA) with the maximum contribution of $2,000 at the end of each year for the next 20 years. If Bill can earn 12 percent on his contributions, how much will he have at the end of the twentieth year?

Reference no: EM13761567

Questions Cloud

Globalization has led us to the realization : Globalization has led us to the realization that workers a interchangeable between countries so long as language issues are resolved. Why do you agree or disagree with this?
What is the system utilization : Cars arrive at the drive-thru windows at a local fast food at the rate of 4 every 10minutes. The average service time is 2 minutes. The Poisson distribution is appropriate for the arrival rate and service times are exponentially distributed. What is ..
Calculate the present value of an ordinary annuity : Calculate the present value of an ordinary annuity of $350 each year for five years, assuming an opportunity cost of 4 percent. A generous philanthropist plans to make a one-time endowment to a renowned heart research center which would provide the f..
Benefits of using graphs in the report presentation : From Part 1 of this discussion, determine the main benefits of using graphs in the report presentation. Next, explain the matter in which a creatively constructed graph might help you to better manage and present your data
Individual retirement account with the maximum contribution : China Manufacturing Agents, Inc. is preparing a five-year plan. Today, sales are $1,000,000. If the growth rate in sales is projected to be 10 percent over the next five years, what will the dollar amount of sales be in year five? Bill plans to fund ..
Explain how filling station relies heavily on visual images : Explain how "Filling Station" relies heavily on visual images. Also, a filling station is a very humble and unglamorous subject for a poem. Comment on the poet's choice of subject.
Describe how it works you would then point out an area : once you describe how it works you would then point out an area where there might be a problem and you suggest a way to solve that problem with and app or program or something like that
Find a discography of the artists recordings : Write a biography of a group you're critiquing. Find a Discography of the artist's recordings and make a print out to include in your review
Example of measurement : Which of the following is NOT an example of measurement?

Reviews

Write a Review

Operation Management Questions & Answers

  Is it ethical when making a disciplinary decision

Is it ethical when making a disciplinary decision for absenteeism to be consistent with each employee or is ethical and morally correct to treat each employee as an individual

  In what ways do you think that setting expectations

In what ways do you think that setting expectations when non-experts are involved is a problem, and how do you think a project manager can address this?

  Describe and provide an initial evaluation of the tool

Describe and provide an initial evaluation of the tool or technique. Indicate in what situations the tool or technique would or would not be effective.

  Assignment on discussion board high performance

Assignment on Discussion Board High Performance, The purpose of the Discussion Board is to allow students to learn through sharing ideas and experiences as they relate to course content and the DB question. Because it is not possible to engage in t..

  What is data and why is it important to a business

What is data and why is it important to a business. What is the relationship between data, information, business intelligence, and knowledge

  The minute stop market has one pump for gasoline

The Minute Stop Market has one pump for gasoline, which can service 10 customers per hour (Poisson distributed). Cars arrive at the pump at a rate of 5 per hour

  Six sigma dmaic improvement approach

Identify an organization that uses the Six Sigma DMAIC improvement approach. Describe in a short paper some of the ways that this organization has applied DMAIC and the results it has achieved.

  What potential strategies are revealed

What potential strategies are revealed by aligning Henkel's internal strengths and weaknesses with existing opportunities and threats in the external environment?

  Identify five disadvantages of functional systems

The Lynx Company uses a functional system for their sales system. It takes the orders from their salesmen in the field, processes those orders in the office, sends the information to accounting, and distributes the pick orders to the warehouse for pi..

  Distinguish intangible costs and benefits

Distinguish intangible costs and benefits and explain why they must be considered when justifying an IT investment.

  Service manufacturing process design is based on a

service manufacturing process design is based on a considerable number of different variables and shows in essence a

  Developing the project plan

Developing the Project Plan and Determining Critical Path, Based upon the details in the WBS and the project case, determine which tasks need to be completed first and which tasks are dependent upon other tasks to be completed prior to starting.

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