After graduation, you plan to work for Dynamo Corporation for 12 years and then start your own business. You expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). The first deposit will be made a year from today. In addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). If the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?
A. $269,003
B. $292,914
C. $298,892
D. $286,936
E. $310,848
Answer: C
You might also like to view...
Halle is trying to identify the work performed and the working conditions of the 200 sales associates at Acme Global. She needs the information quickly in order to present it at the next management meeting. In this case, the ________ job analysis method would be most appropriate.
A. questionnaire B. interview C. diary D. observation E. departmental
Allen owns 500 of the 5000 shares outstanding of General Myopics. GM plans to issue 600 new shares. If Allen has preemptive rights, he may:
a. buy all 600 shares before anyone else. b. buy 600 shares at the same price he paid for the other stock. c. buy 6 shares at a discount of 10%. d. None of these.
Which of the following statements regarding CPM is true?
A) The critical path is the shortest of all paths through the network. B) The critical path is that set of activities that has positive slack. C) Some networks have no critical path. D) All activities on the critical path have their LS equal to the maximum EF of all immediate predecessors. E) All activities on the critical path have their ES equal to their LF.
Intuitiv Manufacturing's large plastics molding machine suddenly broke down during its day shift. When considering the purchase of available alternatives, Intuitiv decided to rent one for the next two years instead of buying one. In this situation, the large plastics molding machine it rented would be classified as
A. an installation. B. accessory equipment. C. an unsought good. D. a process material. E. MRO supplies.