This website uses cookies to ensure you have the best experience.

# Unit 7 Essay

352 words - 2 pages

Question 1
(10 points)
1. You wish to deposit \$500 per month into an account for 36 months. Assume your interest rate is equal to the prime interest rate.

a) How much do you have (total) in the account after 36 months?

b) How much of that total is interest?

Question 2
(10 points)
2. Two people, Ella and Jane, decide to start saving for retirement. Ella decides to invest \$4000 a year into an annuity at the age of 25. At the age of 35 she stops making ...view middle of the document...

Assuming both retire at 70, and that the interest rate both get on their investments is 10% (compounded annually) who has the most money in their account at age 70? Explain why you pick the answer you pick.

Question 3
(10 points)
3. At the age of 30 you decide to start saving money. At first you can only afford to deposit \$200 per month. However, at the age of 38 you are able to deposit \$300 per month. Then at the age of 45 you raise your monthly deposit again to \$500 per month. Finally at the age of 50 you get promoted to president of the company and are able to deposit \$2000 per month into the account. Assuming your account is earning (prime interest rate + 4%) in interest, compounded monthly, how much do you have in your account at the age of 70? Hint: Treat each time that you change the deposit amount as a seperate annuity, and compute the future value (FV) on each annuity seperately. Assume that each annuity earns compound interest during the time it is not receiving deposits.

Essay
(15 points)
4. It is commonly assumed that the stock market yields a 10% rate or return (on average) on investments made in the market long term. Write an essay looking at the advantages and disadvantages of investing in the stock market long term.

## Other assignments on Unit 7

### 3ware Cli Ug Essay

6727 words - 27 pages ------------------Controller 1: Escalade 7000-2 (2 ports) Controller 0: Escalade 7500-8 (8 ports) 7 www.3ware.com Command Line Interface info for specific controller Example: 3ware CLI> info c0 Sample of output: Controller 0 -----------Model: 7500-8 FW: FE7X 1.05.00.034 BIOS: BE7X 1.08.00.038 Monitor: ME7X 1.01.00.035 Serial #: D415TGZE PCB: Rev B Achip: 3.2 Pchip: 1.3 # of units: 3 Unit 0: RAID 5 60.3 GB (117262592 blocks): REBUILDING (2

### European Classical Literature Essay

4049 words - 17 pages House tr. Bindu Batra Amitav Ghosh The Shadow Lines 7 Paper 6: English Literature 1 (i) Unit-1. Unit-2. Unit-3. Christopher Marlowe William Shakespeare William Shakespeare Doctor Faustus Othello As You Like It. 8 PAPER 7 CONCURRENT - CREDIT LANGUAGE 9 SEMESTER - III Paper 8: English Literature 1 (ii) Unit-1. Unit-2. Geoffrey Chaucer Philip Sidney Edmund Spenser John Donne Unit-3. ‘The Wife of Bath’s Prologue and Tale’ Selection

### Blah

2801 words - 12 pages for help. a) Days 7 days and 1 week b) Pennies 1 week 7 days c) Yards d) Quarts Show your instructor your answers to this exercise before moving on to the next section. C) The unit factor conversion method of problem solving As an example of how to use the unit conversion factor method to solve a problem, we will use the following problem: “An experiment is done to see the health effect of large amounts

### Personal Development

2636 words - 11 pages the unit 4 3 Overview of unit content 4 4 Prerequisite knowledge or skills 4 5 Learning outcomes of the unit in more detail 5 6 Programme of Workshops 6 7 Study resources for this unit 7 Recommended additional resources 7 Recommended journals and other periodicals 7 Recommended websites and online content 8 8 How to study this unit 8 9 Assessment 9 The Reflective Journal 9 Welcome Welcome to the Personal and

1540 words - 7 pages expect to defend your thesis Here you can explicate also the status of your other doctoral studies • TAUCHI – Tampere Unit for Computer-Human Interaction Structure of a research plan? 7. Resources • In this section you give the relevant information about the resources of your project consisting of – The status of your funding – The status of access to laboratories and other equipment – Information of the research group you are working in

### Sample Product Costing

412 words - 2 pages | 570.00 | 1 lot | 5,000 | Materials | 5,000.00 | | | | | | | | P105,959.00 | Direct Labor: Quantity | Unit cost | Description | Amount | 1 Lot* | 17,500 | Labor and mobilization | P17,500 | | | | | * Per delivery receipt, this consists of 9 persons for 7 days. Thus the rate per person is P277.78 per day. Overhead: Quantity | Unit cost | Description | Amount | 1 Lot* | | Overhead and other related expenses

### Accounting Chpt 19

5746 words - 23 pages measurement involves determining the dollar amount of direct materials, direct labor, and overhead used in production. 6. Two cost measurement systems are: ■ actual costing ■ normal costing 7. Cost assignment involves associating costs with units produced. 8. Two cost assignment systems are: ■ functional-based costing ■ activity-based costing Production of Unit Cost Information 9. Actual costing assigns actual costs of direct

### Solution Manual To Introduction To Management

2262 words - 10 pages | | | | | | | | |Total |Per Unit | | |Sales (60 pianos × \$3,300 per piano) |\$198,000 |\$3,300 | | |Variable expenses

### Page

892 words - 4 pages 1) What is a system unit? System unit is a case that contains electronic components of the computer used to process data. System units are available in variety of shapes and sizes. The case of the system unit, sometimes called the chassis, is made of metal or plastic and protects the internal electronic components from damage. All computers have a system unit. 2) Give the 5 components of a system unit. i) Processor ii

### Supply Chain Management Term Paper

4874 words - 20 pages labor-hour. The labor requirement is: 2700÷5÷8÷10=7 workers Material requirements Customer | Type | Quantity | Materials per unit | Retails | 111 | 500 | Moving coil units×2, white cable×1,plug×1,white shells×2 | | 012 | 500 | Moving coil units×4, black cable×1,plug×1,white shells×2 | | 122 | 500 | Moving coil units×4, white cable×1,plug×1,orange shells×2 | | 042 | 500 | Moving coil units×4, black cable×1,plug×1,red shells×2

### Bill French Case

1479 words - 6 pages fixed cost per month 2. Unit sales are expected to increase by 20 percent. 3. Different cost and price of products 4. Utilize 90 percent of plant capacity 5. The proper computation for profitable product mix 6. The proposed increase in price of product “C” 7. Taxes, dividends, union demands and product emphasis V. ALTERNATIVE COURSES OF ACTION 1. Use Cost-volume-profit analysis in decision making. Advantage/s Disadvantage/s It is easy

## Similar Documents

### Unit 7 P1 Essay

1511 words - 7 pages 14-11-2104 14-11-2104 yorisha sanstra ROC Amstelland 297245 yorisha sanstra ROC Amstelland 297245 Unit 7 finacial m P1 Unit 7 finacial m P1 A) Describe different methods an organization can use to calculate a cost price Cost-plus pricing - Set the price at your production cost, including both cost of goods and fixed costs at your current volume, plus a certain profit margin. For example, your widgets cost €40 in raw materials

### Health Care Level 3 Unit 7 P1

3473 words - 14 pages Contents: Functionalism……………………………………………………………Pg.3 Marxism………………………………………………………………….Pg.4 Feminism………………………………………………………………...Pg.5 Interactionism…………………………………………………………...Pg.6 Collectivism……………………………………………………………...Pg.7 Post-Modernism………………………………………………………...Pg.8 New Right………………………………………………………………..Pg.9 You (Me)…………………………………………………………………Pg.10 Functionalism According to the functionalist perspective of sociology, each aspect of society is

### Nt1310 Unit 7. Assignment 1. Reflection, Refraction And Optics

303 words - 2 pages On this assignment, I will explain reflection, refraction, and Optics. Refraction is the change in direction of a wave due to a change in its transmission medium. This is most commonly observed when a wave passes from one medium to another at any angle other than 90° or 0°. Refraction of light is the most commonly observed phenomenon, but any type of wave can refract when it interacts with a medium, for example when sound waves pass from one

### Organizational Behaviours Essay

1020 words - 5 pages Management Process and  Organization Behavior  MB0022/ PB 001/MH0026  Contents  Unit 1  Management Process  Unit 2  Organizational Behavior  Unit 3  Foundation of Organization behavior  Unit 4  Learning  Unit 5  Value, Ethics and Job satifaction  Unit 6  Personality  Unit 7  Emotions  Unit 8  Perception  96  83  69  52  41  33  17  1  Edition: Fall 2008 Contents  Unit 9  Motivation  Unit 10  Group Behavior  Unit 11  Power and Politics