Discuss how much should be in its savings account
Discuss how much should be in its savings account to fund one $5000 scholarship each year for 10 years if the university's school of engineering can earn 4% on its investments?
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Juno Manufacturing Company has decided to build an expansion of its manufacturing facility that will cost $63,022. It has arranged thru the small business association to borrow $36,281 from Allied Bank at an annual interest rate of 6.27%/yr.
David Jones deposited $4,247 in a savings account on January 1st 15 years ago. He received 6.05%/year interest for the first 12 years and the 2.49% interest since then. Discuss how much will his account be worth at the end of this year.
Jennifer has just received the 15,981$ for a winning lottery ticket. She is just starting the college and when she graduates in four years she plans to take a European vacation trip to stop her development.
If the probability of hitting a target is 0.2 and 10 shots are fired independently, what is the probability of the target being hit at least twice?
Drugs, Inc. recently received the approval from the Drug and Food Administration for its new supplemental drug application for a 300-milligram tablet of an ant platelet treatment.
Assume that a bowl haves 3 red chips and 3 blue chips. Two chips are withdrawn and discarded. Then third chip is withdrawn. Given that the third chip is red, determine the probability that the two discarded chips were both red? both blue? one of ea
A construction manager just starting in private practice requires a van to carry equipment and the crew. She can lease a used van for $2,700 per year, paid at the beginning of each year, in which case maintenance is provide.
Calculate the equivalent value of this series at the end of 2044? Consider a series of $136 end-of-period CFs spanning 2050-2057. The interest rate is 1%.
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