Compute deposit at the end of each year, Operation Management

Assignment Help:

On the day his son was born, a father decided to establish a fund for his son's college education. The father wants the son to be able to withdraw $4000 from the fund on his 18th birthday, again on his 19th birthday, again on his 20th birthday, and again on 21st birthday. If the fund earns interest at 8.5% per year, compounded annually, how much should the father deposit at the end of each year, up through the 17th year?


Related Discussions:- Compute deposit at the end of each year

Explain imagine an athletic facility such as sawhill, 3. Imagine an athleti...

3. Imagine an athletic facility such as Sawhill. What strategies would you suggest for creating an open environment? Sawhill Athletic Club was an athletic facility in suburban S

Explain implementation of tqm, Why is a system view so important to have if...

Why is a system view so important to have if you are going to implement TQM?

Explain how might this process be improved, Abbott Manufacturing produces p...

Abbott Manufacturing produces plastic cases for solar photovoltaic panels and has decided to combine orders from customers to increase work order size, and thereby make one large p

Explain six sigma principles to health care organizations, Type two savings...

Type two savings are the least likely to occur when applying Six Sigma principles to health care organizations

Hungarian method, How is the Hungarian method applied for obtaining a solut...

How is the Hungarian method applied for obtaining a solution if the matrix is rectangular

Depict a forecast on a graph with the actual data, Develop a forecast for y...

Develop a forecast for years 2 through 12 using exponential smoothing with %u03B1 = .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and th

Thus if a budget is prepared it can only be a crude estimate, Frequently, a...

Frequently, at the time the project charter is prepared there is only a very general understanding of the project, so if a budget is prepared it can only be a crude estimate.

Explain the challenges you foresee in using the mbti, Describe the challeng...

Describe the challenges you foresee in using the MBTI instrument or Keirsey Temperament Sorter in a project management situation and how you would address them. Speculate the accep

Explain if you sued me for coat what would be the outcome, I promise to giv...

I promise to give you my fur coat. I never give you my coat. If you sued me for the coat what would be the outcome? Support your answer using the Rule, Application, conclusion meth

What value-added components should blockbuster incorporate, What value-adde...

What value-added components must blockbuster incorporate into its current movie rental business to survive in the environment today?

Write Your Message!

Captcha
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