If you invested $350,000 in a business that would pay you monthly payments at the beginning of
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If you invested $350,000 in a business that would pay you monthly payments at the beginning of every month for 25 years, with the first payment being made in 5 years, calculate the size of the periodic payments. Assume that the interest rate is 6% compounded quarterly throughout the period.
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Daulat Daga
I began mentoring when I was in High school but that was just because, I love sharing my learnings. I continued doing that till graduation. During my graduation, I was part of the National Service Scheme (NSS) which facilitates and runs self-funded schools for underprivileged children in India. I learned the value of educating the needy ones and that was one of the best experiences of my mentoring. After Graduation, I joined TESCO as a Business Analyst. Being an engineer, I am quite good at Statistics so based on the evaluation I was given projects as well as business as usuals quite early. After a year, I was mentoring 40-50 people on Statistics and analytical techniques. Analytical techniques include prescriptive, predictive and descriptive analysis along with different models like Recency Frequency Monetary (RFM), Auto-Regressive Integrated Moving Average (ARIMA), Principle Component Analysis (PCA), etc. After completing the 4 months of intensive training, like an evaluation, we gave micro-projects and 95% of the submissions were approved by the Leadership. One thing I would like to point out is whenever I would be mentoring I will ask more questions to ensure students get the concept correct.
Now I have decided to start tutoring again to high school and undergrad students as a part-time tutor so that I can earn a side income along with working on my startup. I have a firm dedication to what I do.
Looking forward to teaching more students in the future and make this world a beautiful place to live.
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Related Book For 
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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