Esther needs to pay rent in 5 payments of $2,000. Payments are made annually with the first payment beginning 1/1/2014. She plans to purchase two zero-coupon bonds to cover her costs. The first bond expires in 1/1/2015 while the second expires in 1/1/2019. The annual effective interest rate is 8%. Required:
Based on Redington immanization, calculate the total face amount for the bonds so that Esther is immunited from small changes in interest rates.

You are the manager of the packaging department in a cookie factory. (obviously, the packaging employees cannot eat the cookies that are transferred in during the period.) after your employees insert cookies into colorful packages (step 1) for display on store shelves, the packages of cookies are then boxed using cardboard cartons (step 2) for shipment to stores. each unit of product is represented by a carton of packaged cookies. the packaging department began the period with 1,000 units of cookies. during the period, 5,000 units of cookies were transferred in from the baking department and 5,500 units of cookies were transferred out to the finished goods department. the number of units of cookies in the ending inventory of the packaging department equals:

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?

Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?