Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Management Studies


Home >> Operation Management

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?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91825152
  • Price:- $10

Priced at Now at $10, Verified Solution

Have any Question?


Related Questions in Operation Management

1 briefly describe what information a speaker should gather

1. Briefly describe what information a speaker should gather about the audience in regards to public speaking 2. If a shipping company needed to move expensive (high value) goods that are small in size from Boston to Sea ...

What are the basic reasons for the recent growth of

What are the basic reasons for the recent growth of international business activity? How has technology contributed to the globalization of markets and production? Comment on the following statement: “Ultimately, the stu ...

1- how is culture sustained or how to maintain a culture2-

1- How is culture sustained? or how to maintain a culture? 2- Why is culture important? 3- Be familiar with the person-based theories of leadership. Be able to name and explain/discuss one of these. The same for the situ ...

1 how is the eoq important and how do you use it in other

1. How is the EOQ important and how do you use it? In other words, what does the EOQ tell us, what is the overall objective of the EOQ, and how can an organization use it to help manage their inventory? 2. Explain the di ...

1 what are the types of costs associated with a project

1. What are the types of costs associated with a project? What impact and relationship can you identify between these two variables and a project. Write at least two paragraphs to synthesize your ideas. 2. Explain the ba ...

The friendly sausage factory fsf can produce hot dogs at a

The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 6,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 280 per day. The cost to prepare the equipment for producing hot dogs is ...

Pfizer was established in 1849 in brooklyn new york by

Pfizer was established in 1849 in Brooklyn, New York by cousins Charles Pfizer and Charles Erhart with a loan of $2,500 from Pfizer’s father.2 Today, 167 years later, Pfizer Inc. has international revenues of $49 billion ...

Make a few projections about where you see the global

Make a few projections about where you see the global economy headed in 2035. Will there be greater concern for poor nations? Will the US and China hold their positions of dominance, along with the EU (non militarily). I ...

Discuss whether the selected starbucks uses social media

Discuss whether the selected STARBUCKS uses social media effectively as a tool to reach the marketing mission of increasing revenue and the public relations’ mission of building relationships. Identify the major social m ...

Interview an employee working in the same service business

Interview an employee working in the same service business identified above. Ask the person to discuss each of the five dimensions of service quality with you as it relates to the person’s company. Which dimensions are m ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved