What the cost is of making an erroneous decision

Reference no: EM133203221 , Length: 2 Pages

Assignment:

Maurice Micklewhite has decided to replant his garden. Show him what the cost is of making an erroneous decision at various stages of the project, starting with conceptual design and ending with the ongoing maintenance of the garden.

A young engineer decides to save $240 per year toward retirement in 40 years.

If he invests this sum at the end of every year at 9%, then how much will be accumulated by retirement time?

If by astute investing the interest rate could be raised to 12%, then what sum could be saved?

If he deposits one fourth of this annual amount each quarter ($60 per quarter) in an interest bearing account earning a nominal annual interest rate of 12%, compounded quarterly, how much could be saved by retirement time?

In part (c), then what annual effective interest rate is being earned?

The assignment is to answer the question provided above in essay form. This is to be in narrative form and should be as thorough as possible. Bullet points should not to be used. The paper should be at least 1.5 to 2 pages in length, Times New Roman 12-pt font, double-spaced, 1 inch margins and utilizing at least one outside scholarly or professional source related to project management. The textbook should also be utilized. Do not insert excess line spacing. APA formatting and citation should be used.

Reference no: EM133203221

Questions Cloud

Characteristics of a competitive market : Do you think the amount of competition in the market had an impact on the quality of customer service you received (explain)?

How does the price of gasoline affect the number of miles : How does the price of gasoline affect the number of miles people drive in their carsin a given year?

Summarize the unemployment rate : Summarise in your own words the unemployment rate and related figures for the selected month.

Does the name brand cost more than generic version : Explain why you only buy the name brand. Does the name brand cost more than the generic version? Why is it worth the extra money?

What the cost is of making an erroneous decision : Maurice Micklewhite has decided to replant his garden. Show him what the cost is of making an erroneous decision at various stages of the project.

Develop a transportation improvement plan : Develop a Transportation Improvement Plan (TIP) paper and corresponding Presentation for a supply chain of an organization of your choice.

Calculate the yearly economic growth rate : Calculate the yearly economic growth rate and highlight periods of recession and expansions. Prince Sultan University. ECON 207.

Evaluate effects supply and demand of oil in the oil market : You are asked to evaluate the effects that the following scenarios will have on the supply and demand of oil in the oil market.

Explaining the concepts of marginal analysis : Pay attention to your audience. Remember that you are explaining the concepts of marginal analysis. Rasmussen University.

User Account

All Pages