What is the future value of this annuity

Assignment Help Operation Management
Reference no: EM131340791

June Allyson made ordinary annuity payments of $15 per month for 16 years, earning 4.5% interest compounded monthly.

a) What is the future value of this annuity?

Reference no: EM131340791

Questions Cloud

Discuss your reaction to the character of hamlet : Discuss your reaction to the character of Hamlet in the two (2) soliloquies from the text. Consider the extent to which you sympathize with him and / or think he is self-absorbed. Explain the manner in which the literary form of soliloquy shapes y..
Minimum cash balance cumulative surplus : Wildcat, Inc., has estimated sales (in millions) for the next four quarters as follows: Q1 Q2 Q3 Q4 Sales $ 120 $ 140 $ 160 $ 190 Sales for the first quarter of the year after this one are projected at $135 million. Accounts receivable at the beginni..
Calculate its specific impulse : The subsequent number, such as 6, indicates average thrust (in newtons). The average thrust with total impulse indicates the length of time over which the motor releases its total energy.
Purchase price of the new equipment : Hoo-Rye Bakery purchased new equipment by making a down payment of $2,000 and agreeing to make payments of $458 at the end of each month for five years. Interest is 9.2% compounded monthly. a) What is the purchase price of the new equipment? Show ..
What is the future value of this annuity : June Allyson made ordinary annuity payments of $15 per month for 16 years, earning 4.5% interest compounded monthly.
What is the equivalent payment : A debt payment of $5,500 is due in 27 months. If money is worth 8.4% p.a. compounded quarterly, what is the equivalent payment
Date of issue at compounded monthly : Find the proceeds of a $5000 7-year note bearing interest at 8% compounded quarterly discounted 2½ years after the date of issue at 6% compounded monthly.
What must the six-month risk-free rate be in japan : Currency per U.S. $ Australia dollar 1.2387 6-months forward 1.2346 Japan Yen 100.4300 6-months forward 99.9500 U.K. Pound .6795 6-months forward .6778 Suppose interest rate parity holds, and the current risk-free rate in the United States is 4 perce..
What is flood frequency analysis : What are proxy data?What is flood frequency analysis?Flood records have been kept of the lower Mississippi River since 1543. If the greatest flood along the river occurred in 1927, what would be the recurrence interval for a 1927-type flood?

Reviews

Write a Review

Operation Management Questions & Answers

  What steps can you take to improve your skills

Drucker, Reich, Friedman and Rifkin's ideas of the future of work will be important in the future job market. Which of these ideas do you agree or disagree with? How do you feel one or more of these concepts will affect your future job opportunities?..

  Define a gazelle and discuss its importance

Define a gazelle and discuss its importance

  Where should the hub go so that travel time is minimized

Sky Bus has to decide on location of its hub. There are 6 possible destinations for the buses it operates. Suppose that the center of town will be used as the reference for describing the possible destinations. A is located 50 miles South and 30 mile..

  Describe the organizational structure of the firm

A health club differs from manufacturing firms in that it produces a service rather than products. Should manufacturing firms have a narrower span of control than service firms like CHC?

  Compute the correlation coefficient for the data

The president of a company was interested in determining whether there is a correlation between sales made by different sales teams and hours spent on employee training. These figures are shown. Sales (in thousands) Training Hours 11 8 36 12 27 11 39..

  Explain how this impacted other levels of the organization

Research ways that Information Systems have been misused. Using the Internet, find an example of an organization that has misused Information Systems. Identify the level of the organization where the misuse primarily occurred. Explain how this impact..

  Behavior used in each demonstrates effective

Analyze the following situations and determine whether the behavior used in each demonstrates effective or ineffective politicking (e.g use of influence tactics). paul tells his manager's manager about mistakes his manager makes.

  Determine at least two roles that human resource management

Determine at least two roles that human resource management has played in your current or future workplace. Provide specific examples to support your response. Analyze key milestones of human resources management. Justify at least two laws that you b..

  Discuss the motivations-means and mentalities of companies

Discuss the motivations, means, and mentalities of companies that wish to expand their operations internationally. Include both traditional and emerging motivations. Describe the prerequisites that must be met for the means of internationalization. D..

  What is the role of third party administrator in health care

What is the role of a third party administrator (TPA) in health care? What type of regulations must a TPA follow when processing claims, for example? Are TPAs a good thing for managed care or a bad thing? Provide examples that support your opinions.

  What is the optimal production quantity for the card

What is the optimal production quantity for the card? (Round your answer to the nearest whole number.)

  Analyze the short run and long cost function for low-calorie

Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions below.

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