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You plan to retire when you are 65th years old. You are now 25 years old. You plan to buy a pension annuity that will pay you $100,000 per year starting one year after you turn 65 and continuing until you celebrate your 80th birthday. The pension plan requires you make equal quarterly contributions starting one quarter after your 25th birthday and until you have reached your 65th birthday. If the interest rate assumed throughout this plan is 4% per year, what is the quarterly contribution (or policy premium)?
ANSWER: Quarterly premium _____________
#question.A manufacturer produces two items, bookcases and library tables. Each item requires processing in each of two departments. Department 1 has 40 hours available and departm
What is Inductive Reasoning ? Sometimes we draw conclusions based on our observations. If we observe the same results again and again, we conclude that the event always has the
how do you find the average of a number
1. Using suffix trees, give an algorithm to find a longest common substring shared among three input strings: s 1 of length n 1 , s 2 of length n 2 and s 3 of length n 3 .
Q. What is the probability of tossing a head? List the sample space for tossing a coin once. What is the probability of tossing a head? Solution: If you tossed a coin once
The time has at last come to describe "nice enough". We've been using this term during the last few sections to explain those solutions which could be used to form a general soluti
Solve the Limit problem as stated Limit x tends to 0 [tanx/x]^1/x^2 is ? lim m tends to infinity [cos (x/m)] ^m is? I need the procedure of solving these sums..
Properties of t distribution 1. The t distribution ranges from - ∞ to ∞ first as does the general distribution 2. The t distribution as the standard general distribution is
A company is considering whether to enter a very competitive market. In case company decided to enter in market this must either install a new forging process or pay overtime wages
3 meters to crntimeters
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