Plan to Work for Johnson Corporation For 7 Years
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Plan to Work for Johnson Corporation For 7 Years
After graduation, you plan to work for Johnson Corporation for 7 years and then start your own…
After graduation, you plan to work for Johnson Corporation for 7 years and then start your own business. You expect to save and deposit $4,000 a year for the first 3 years (t = 1 through t = 3 and $14,000 annually for the following 4 years (t = 4 through t = 7).
The first deposit will be made a year from today. In addition, your grandfather gave you a $20,000 graduation gift which you will deposit at the end of year one. If the account earns 11% compounded annually, how much will you have when you start your business 7 years from now?
Your sister turned 25 today, and she is planning to save $3,500 per year for retirement, with the first deposit to be made one year from today.
She will invest in a mutual fund that’s expected to provide a return of 7% per year. She plans to retire 40 years from today, when she turns 65, and she expects to live for 25 years after retirement, to age 90.
Under these assumptions, how much can she spend each year after she retires? Her first withdrawal will be made at the end of her first retirement year and she will earn 7% per year.
Show formula and step by step how you got the answer. Thank you
RUBRIC
Excellent Quality
95-100%
Introduction 45-41 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Literature Support
91-84 points
The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.
Methodology
58-53 points
Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score
50-85%
40-38 points
More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.
83-76 points
Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.
52-49 points
Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality
0-45%
37-1 points
The background and/or significance are missing. No search history information is provided.
75-1 points
Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.
48-1 points
There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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Plan to Work for Johnson Corporation For 7 Years