Calculate Answers to the Following Questions Using Future Value And/or

question 45

Essay

Calculate answers to the following questions using future value and/or present value tables.
a.If an accumulation of $1,000 is desired at the end of four years,what bank deposit must be made now to accomplish that goal,assuming 10 percent interest compounded annually?
b.A deposit of $600 made at the end of every six months for five years would grow to what amount,assuming 8 percent interest compounded semiannually.Round amounts to the nearest dollar.

---

Definitions:

MPS

Master Production Schedule, a plan for individual commodities to be produced in each time period, such as production, staffing, inventory.

Common Parts

Components or elements that are standard and used interchangeably among different products or systems.

Bill Of Material

A comprehensive list of raw materials, parts, and components, including quantities, required to manufacture, assemble, or repair a product or service.