Question
Lindsay is 25 years old and has a new job in web development. Lindsay wants to make sure she is financially sound in 30 years,
Lindsay is 25 years old and has a new job in web development. Lindsay wants to make sure she is financially sound in 30 years, so she plans to invest the same amount into a retirement account at the end of every year for the next 30 years.
(a) | Construct a data table in Excel that will show Lindsay the balance of her retirement account for various levels of annual investment and return. If Lindsay invests $11,000 at return of 6%, what would be the balance at the end of 20th year in the account? |
If required, round your answers to two decimal places. | |
$ | |
|
The University of Cincinnati Center for Business Analytics is an outreach center that collaborates with industry partners on applied research and continuing education in business analytics. One of the programs offered by the Center is a quarterly Business Intelligence Symposium. Each symposium features three speakers on the real-world use of analytics. Each of the corporate members of the center (there are currently ten) receives five free seats to each symposium. Nonmembers wishing to attend must pay $75 per person. Each attendee receives breakfast, lunch, and free parking. The following are the costs incurred for putting on this event:
Rental cost for the auditorium: | $150 |
Registration Processing: | $8.50 per person |
Speaker Costs:3@$800 | $2,400 |
Continental Breakfast: | $4.00 per person |
Lunch: | $7.00 per person |
Parking: | $5.00 per person |
(a) | The Center for Business Analytics is considering a refund policy for no-shows. No refund would be given for members who do not attend, but for nonmembers who do not attend, 50% of the price will be refunded. Build a spreadsheet model in Excel that calculates a profit or loss based on the number of nonmember registrants. Extend the model you developed for the Business Intelligence Symposium to account for the fact that historically, 25% of members who registered do not show and 10% of registered nonmembers do not attend. The Center pays the caterer for breakfast and lunch based on the number of registrants (not the number of attendees). However, the Center only pays for parking for those who attend. What is the profit if each corporate member registers their full allotment of tickets and 127 nonmembers register? |
If required, round your answers to two decimal places. | |
$ |
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