As a business owner, you sometimes have to make good decisions as well as tough decisions. In this scenario I want to expand my vinyl fence company by purchasing a new facility. In order to make this happen, I need determine which option works best.Annuities as a series of fixed payments to be paid to a person, business or individual and business over a certain period of time. There are two types of annuities, ordinary and annuity due. Ordinary annuity are payments made at the end of each period that is agreed upon and annuity due are payments made at the beginning of each period. In this scenario, the payment is $2500, interest is 8%, compounded quarterly (4) for 5 years. Below is the solution to Ordinary Annuity and Annuity due:Future Value of the Ordinary AnnuityNumber of periods=years (5) * periods per year (4) =20 periodsPeriod Interest Rate= APR(8%)/periods per year (4)= 2%Table Value=24.297FV=Annuity payment ($2500) * table value (24.297)FV=$60,742.50Future Value of Annuity DueNumber of Periods=years (5) * periods per year (4)=20 periods
MM255 Business Math and Statistical Measures Unit 1: Instructor Graded Assignment Basic Math In this class, you will complete an Instructor Graded Assignment in Units 1 to 10. These Assignments give you a chance to apply the skills you have learned as you complete each unit. You will have a chance to solve problems using a combination of the math skills learned and internet research. Unit 1 focuses on solving basic math problems, which is covered in your reading from: ● Chapter 1: “Review of Whole Numbers” ● Chapter 2: “ Review of Fractions” ● Chapter 3: “Decimals” ● Chapter 4: “Percentages” You must show your work at all times. The steps for solving each problem must be explained. Failure to do so could result in your submission being given a 0 grade. If you have any questions about how much work to show, please contact your instructor. Assignments must be submitted as a Microsoft® Word® document and uploaded to the Dropbox for Unit 1. Type all answers directly in this Assignment below each question .