Timeline depicting situation follows

Assignment Help Operation Management
Reference no: EM131087217

You plan to save $8,000 each of the next 40 years, and invest that money in an account that pays 8% annual interest. In addition, you plan to pay for your child's college education beginning in fifteen years. You expect that education to cost $20,000 per year for four years. To pay for the education, you will simply withdrawal money from your investment account. In addition, a long-lost relative recently died, leaving you $50,000. A timeline depicting this situation follows.

Date

0

1-14

15-18

19-40

Deposits

$50,000

$8,000

$8,000

$8,000

Withdrawals



$20,000


How much money will you have just after you make your last deposit forty years from today?

Reference no: EM131087217

Questions Cloud

A study of wood stove particulate emissions : The article "A Study of Wood Stove Particulate Emissions" (J. of the Air Pollution Control Assoc., 1979: 724-728) reports the following data on burn time (hours) for samples of oak and pine. Test at level .05 to see whether there is any difference..
Find the force and stroke that results at f2 : Find the force and stroke that results at F2
Shared practice-impacts of working capital : Close to 50% of the typical industrial and retail firm's assets are held as working capital. Many newly minted college graduates work in positions that focus on working capital management, particularly in small businesses in which most new jobs ar..
Why the renegotiated contract should be enforced : Give an economic argument why the renegotiated contract should be enforced in the second scenario, while the original contract should be enforced in the first
Timeline depicting situation follows : You expect that education to cost $20,000 per year for four years. To pay for the education, you will simply withdrawal money from your investment account. In addition, a long-lost relative recently died, leaving you $50,000. A timeline depicting ..
How voltaire describe spirituality and religion in eldorado : How does Voltaire describe spirituality and religion in Eldorado? How does he imply that the Eldoradan viewpoint is superior to the reality of Europe in the 18th century?
Compare the bond strength of two different adhesives : In an experiment to compare the bond strength of two different adhesives, each adhesive was used in five bondings of two surfaces, and the force necessary to separate the surfaces was determined for each bonding.
Perrigo book value of equity : In February 2016, Perrigo Co. (PRGO) had a share price of $39.20.  They had 91.33 million shares outstanding, a market-to-book ratio of 3.76.  In addition, PRGO had $845.01 million in outstanding debt, $163.82 million in net income, and cash of $2..
Constitute an independent and identically distributed : Suppose that observations X1, X2,..., Xn are made on a process at times 1, 2,..., n. On the basis of this data, we wish to test H0: the Xi 's constitute an independent and identically distributed sequence

Reviews

Write a Review

Operation Management Questions & Answers

  Illustrate what ways were project''s planning also scope

In illustrate what ways were project's planning also scope management appropriate. When did planners begin taking unknowing or unnecessary risk.

  Developing strategic plans

Which type of investor causes the most problem for CEOs in developing strategic plans?

  Determine number of police officers that should be scheduled

Determine the number of police officers that should be scheduled to begin the 8-hour shifts at each of the six times (8:00 A.M., noon, 4:00 P.M., 8:00 P.M., midnight, and 4:00 A.M.) to minimize the total number of officers required.

  Review the literature on forecasting demand

"You are required to review the literature on any THREE topics covered in this course using various academic journals, periodicals, books, reports and website information".

  Disheveled and appears homeless

You are working a second job at Publix, a large grocery store. While on duty, you witness someone steal food right in front of you. The person is disheveled and appears homeless. She has a young child with her. Do you turn her in for the theft?

  Analyze the three types of authority practiced

Analyze the three types of authority practiced by general managers in the resort industry. Which of the types do you feel offers the best potential for success? Justify your answer with specific reasons.

  Create demand and profits in certain markets

Global warming is a topic that has been on the news. In your own words, do you believe that there really is an environmental crisis or do you believe that there is "hype" to create demand and profits in certain markets?

  Supplier management in a lean system

Supplier management in a lean system: In general, we know that forecasting has all but the following characteristics. In a production environment, examples of TOC Exploitation Tactics include all except:

  Consider link between leadership-management-human resources

Consider the link between leadership, management, and human resources in any organization. Then, comment on how management and leadership facilitate strategic management through the Human Resource function and discuss any legal issues that could evol..

  Contrast the potential root causes of terrorism

Compare and contrast the potential root causes of terrorism. Make a case for what you perceive to be the most significant source of terrorism in the past, present, and future.

  Describe the best features and supply examples of the type

Identify the best sources to find more of these types of prime companies. Describe the best features and supply examples of the type of company that fits your job search.

  Explain the aim of a disaster recovery plan

With nearly all organisations dependant on their IT systems for their continued survival it is vital that provision is made for when they go wrong: Discuss typical events which may cause the failure of an IT system. Explain the aim of a disaster reco..

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