Explain how much should the father deposit, 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:- Explain how much should the father deposit

Find the probability that both service clerks are idle, Sharp Discounts Who...

Sharp Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every twelve minutes. The servic

Explain benefits of free international trade, What are the benefits and dis...

What are the benefits and disadvantages of free international trade for the United States? Examples would be helpful also.

Presume the restaurant operates 360 days per year, A fast-food restaurant b...

A fast-food restaurant buys hamburger buns from a national bakery supplier. The daily usage of buns at the restaurant is normally distributed with an average of 160 and standard de

Explain end-user computing and systems, End-User Computing and Systems- Ple...

End-User Computing and Systems- Please respond to the following: •Discuss the advantages and disadvantages of end-user computing and determine if this is an application that should

Explain project management best practice, Give five potential underlying re...

Give five potential underlying reasons why projects commonly fail. For each potential failure point that you name, identify at least one project management best practice or techniq

Disadvantages of enterprise resource planning, Disadvantages of ERP Systems...

Disadvantages of ERP Systems 1. Expense and Time in Implementation: Getting the full benefits of WRP takes time and money: Although ERP offers many strategic advantages by streaml

Simplex method, The given problem can be expressed as an LPP as follows:...

The given problem can be expressed as an LPP as follows: Let X i represent the number of units shipped from plant to warehouse with Z representing the total cost we

Operations sequence analysis, Operations Sequence Analysis Being an ea...

Operations Sequence Analysis Being an early approach to process layouts operations sequence analysis develop a good scheme for arrangement of department graphically analysis t

.Operational Plan and Budget, Can you create a Operational Plan and Budget ...

Can you create a Operational Plan and Budget if I provide instruction. Also need budget plan to be placed in excel

Explain formal partnership agreement, Suppose a partnership is set up and o...

Suppose a partnership is set up and operated without a formal partnership agreement. What problems might arise?

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