You want to retire exactly 40 years from today with $1,910,000 in your retirement account. If you think you can earn an interest rate of 9.91 percent compounded monthly, how much must you deposit each month to fund your retirement?

The amount to deposit in the first month will be $35708.91

Explanation:

The formula to apply here is:

where

A=future value of loan including interest

P=Initial deposit

r=annual interest rate in decimal

n=number of times interest is compounded per unit t

t=time money is borrowed

Given in the question;

t=40 yrs

A=$1910000

r=9.99% =0.0999

n=12

P=?

Applying the formula to find P

The amount to deposit in the first month will be $35708.91

step 1: create a plan

step 2: inventory facility equipment/assets

step 3: create preventive maintenance procedures

step 4: create preventive maintenance schedules

step 5: train your maintenanceteam

step 6: analyze – adjust - improve

or

step 1 – pm procedure design: doing the effective things

step 2 – pm procedure scheduling: efficient use of people and resources

step 3 – pm lubrication engineering

step 4 – pm training: back on the chain gang

step 5 – pm program management plan

step 6 – communicate, communicate, communicate

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

your welcome leave a rate and a < 3