Single amount to provide the fund calculated

Assignment Help Operation Management
Reference no: EM131173293

You plan to retire in exactly 20 years. you goal is to create a fund that will allow you to receive $20000 at the end of each year for the 30 years between retirement and death. you know that you will be able to earn 11% per year during the 30-yeat retirement period.

1. How large a fund will you need when you retire in 20 years to provide the 30-year, $20000 retirement annuity?

2. How much will you need today as a single amount to provide the fund calculated in part an if you earn only 9% per year during the 20 years preceding retirement?

Reference no: EM131173293

Questions Cloud

What are the various components of this model : What are the various components of this model? How effective is this model in the study of healthy behavior and a healthy lifestyle in the present day?
Who may be potential target market : When we talk about demographics it is another word for profiling. Who are we reaching, who is buying and who may be a potential target market. Some people have an ethical issue with profiling.
Problem regarding the goodman industries : For home work set#3 Goodman Industries for year 2013, how did you come up with 24.8. Please show me the layout of the solution.
Vertical axis and coconuts on the horizontal axis : chinua spends all his money on fish and coconuts. his budget line is drawn with fish on the vertical axis and coconuts on the horizontal axis. if the price of fish increases the:
Single amount to provide the fund calculated : 1. How large a fund will you need when you retire in 20 years to provide the 30-year, $20000 retirement annuity? 2. How much will you need today as a single amount to provide the fund calculated in part an if you earn only 9% per year during the 20..
Determine the theoretical optimum level of national defense : In the diagram below, assume that there are two classes of citizens, the "hawks and the "doves," with different preferences for national defense spending. Draw the social marginal benefit curve for society as a whole. Determine the theoretical optimu..
What strategies do you think are most effective in teaching : What is reading comprehension? What strategies do you think are most effective in teaching reading comprehension to students with LD? Why? Use examples.
How does your family function in this theory : This theory also shows that there are limitations within the family. I think the theories clearly shows some of the stops/caution signs that will bring limitation to the family. How does your family function in this theory?
How an led and electromechanical relays are interfaced : using diagrams, discuss how an LED and electromechanical relays are interfaced with the microcontroller in an electrical circuit.

Reviews

Write a Review

Operation Management Questions & Answers

  Financial performance problems

How do the five competitive forces in Porter's model affect the average profitability of the industry? For example, in what way might weak forces increase industry profits, and in what way do strong forces reduce industry profits? Identify an industr..

  About gathering business requirements for the new system

MetaContinental has been mandated to comply with Sarbanes-Oxley criteria. The reporting system will need to be almost completely overhauled to comply. The project team realizes that this will be a business process reengineering project. How should th..

  Performance as a morally responsible group member

Evaluate your own performance as a morally responsible group member. Which h behaviors do you demonstrate? Which do you need to develop? What specific steps might you take to improve?

  Calculate the expected value for each decision branch

When drawing your tree, assume that managers must select a capacity option before they know what the demand level will actually be. Then, calculate the expected value for each decision branch. Which option would you prefer and why?

  Implement flexibility for customer-introduced variability

A foundation of operations in both manufacturing and service environments is vital in order to drive inefficiencies and examine ways to achieve greater supply chain integration with suppliers and customers. how would you implement flexibility for cus..

  How many phones should amazon order per replenishment

Demand for phones at Amazon is 5,000 per month. The holding cost at Amazon is 25 percent and the company incurs a fixed cost of $500 for each order placed. The supplier offers an all unit quantity discount with a price of $200 per phone for all order..

  Use the graphical goal programming procedure

The RMC Corporation blends three raw materials to produce two products: a fuel additive and a solvent base. Each ton of fuel additive is a mixture of 2/5 ton of material 1 and 3/5 ton of material 3.  Treating the amounts of each material available as..

  Formulate and solve a linear programming model in excel

Formulate and solve a linear programming model in Excel to develop a work schedule that processes all checks by 8 P.M. and minimizes daily labor costs.

  Referring to relevant cases and legislation

Tina was employed by a firm of Law book publishers based in Perth who were considering opening a branch office in Gold coast. Tina was instructed to visit the area, make enquiries and report back to head office with a recommendation. Referring to rel..

  Assignment on characteristics of organizational culture

Assignment On Characteristics of Organizational Culture, Every organization has a culture; however, organizational culture differs from one business to the next. The organizations may have different essential values.

  Find optimal solution using graphical solution procedure

George Johnson recently inherited a large sum of money; he wants to use a portion of this money to set up a trust fund for his two children.

  Define common law

As a new manager in your department, you are tasked with the job of providing employee training for members of your department who have interactions with the legal department.

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