Turn in your completed work to the Submissions Area through the end of the module.<\/p>\n

<\/p>\n\n\n\n\n\n\n\n\n

Assignment 2 Grading Criteria<\/td>\n

Maximum Points<\/td>\n<\/tr>\n

Correctly calculated that amount in dollars the cash management system will free up and justified the response.<\/td>\n

30<\/p>\n<\/td>\n<\/tr>\n

Correctly calculated income and justified response.<\/td>\n

30<\/p>\n<\/td>\n<\/tr>\n

Clearly explained if the new system should be implemented.<\/td>\n

30<\/p>\n<\/td>\n<\/tr>\n

Wrote in a clear, concise, and organized manner; demonstrated ethical scholarship in accurate representation and attribution of sources; displayed accurate spelling, grammar, and punctuation.<\/td>\n

10<\/p>\n<\/td>\n<\/tr>\n

Total:<\/td>\n

100<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Assignment 2: LASA 1\u2014The Time Value of Money<\/p>\n

By the due date assigned submit a 4-5 page report based on the following problem:<\/p>\n

Mary has been working for a university for almost 25 years and is now approaching retirement. She wants to address several financial issues before her retirement and has asked you to help her resolve the situations below. Her assignment to you is to provide a 4-5 page report, addressing each of the following issues separately. You are to show all your calculations and provide a detailed explanation for each issue.<\/p>\n

Issue A:
For the last 19 years, Mary has been depositing $500 in her savings account , which has earned 5% per year, compounded annually and is expected to continue paying that amount. Mary will make one more $500 deposit one year from today. If Mary closes the account right after she makes the last deposit, how much will this account be worth at that time?<\/p>\n

Issue B:
Mary has been working at the university for 25 years, with an excellent record of service. As a result, the board wants to reward her with a bonus to her retirement package. They are offering her $75,000 a year for 20 years, starting one year from her retirement date and each year for 19 years after that date. Mary would prefer a one-time payment the day after she retires. What would this amount be if the appropriate interest rate is 7%?<\/p>\n

Issue C:
Mary\u2019s replacement is unexpectedly hired away by another school, and Mary is asked to stay in her position for another three years. The board assumes the bonus should stay the same, but Mary knows the present value of her bonus will change. What would be the present value of her deferred annuity?<\/p>\n

Issue D:
Mary wants to help pay for her granddaughter Beth\u2019s education. She has decided to pay for half of the tuition costs at State University, which are now $11,000 per year. Tuition is expected to increase at a rate of 7% per year into the foreseeable future. Beth just had her 12th birthday. Beth plans to start college on her 18th birthday and finish in four years. Mary will make a deposit today and continue making deposits each year until Beth starts college. The account will earn 4% interest, compounded annually. How much must Mary\u2019s deposits be each year in order to pay half of Beth\u2019s tuition at the beginning of each school each year?<\/p>\n

Turn in your completed work to the Submissions Area through the end of the module.<\/em><\/p>\n

<\/p>\n\n\n\n\n\n\n\n\n\n
Assignment 2 Grading Criteria<\/td>\n Maximum Points<\/td>\n<\/tr>\n
Calculated the compounded interest over 20 years and evaluated the value of the savings account upon closing. (CO 1)<\/td>\n \n
32<\/p>\n<\/td>\n<\/tr>\n
Calculated the bonus payout over 20 years vs. a one time payout with interest and distinguished which bonus option would be better for the client. (CO 1)<\/td>\n \n
32<\/p>\n<\/td>\n<\/tr>\n
Calculated the present value of the bonus and analyzed the difference in bonus for the client. (CO 2)<\/td>\n \n
32<\/p>\n<\/td>\n<\/tr>\n
Analyzed the tuition costs for the client and determined what the future costs will be and determined how these funds can be accumulated over time. (CO 4)<\/td>\n \n
60<\/p>\n<\/td>\n<\/tr>\n
Written Components: Organization, usage and mechanics, APA elements, style<\/td>\n \n
44<\/p>\n<\/td>\n<\/tr>\n
Total:<\/td>\n \n
200<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n
<\/main><\/main>\n<\/div>\n","protected":false},"excerpt":{"rendered":"
Assignment 3: Ratio Analysis By the due date assigned solve the problem below, calculate the ratios, interpret the results against the industry average, and fill in the table on the worksheet. Then, provide an analysis of how those results can be used by the business to improve its performance. Turn in your completed work to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_joinchat":[]},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/264682"}],"collection":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/comments?post=264682"}],"version-history":[{"count":0,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/posts\/264682\/revisions"}],"wp:attachment":[{"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/media?parent=264682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/categories?post=264682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qualityassignments.net\/wp-json\/wp\/v2\/tags?post=264682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}