Your grandparents have an annuity. the value of the annuity increases each month by an automatic deposit of 1% interest on the previous month's balance. your grandparents withdraw $1000 at the beginning of each month for living expenses. currently, they have $50,000 in the annuity. model the annuity with a dynamical system. will the annuity run out of money? when? hint: what value will an have when the annuity is depleted?

2. a box contains 50 slips of paper. forty of the slips are marked $0, 8 of the slips are marked $20, 1 slip is marked $100, and the last one is marked $500. find the expected net winnings of a person who pays $10 to randomly select one slip of paper. interpret.

Adds up the money earned by producers plus taxes paid to the goverment. a) income approach b) product approach c) expenditure approach

Southeastern bell stocks a certain switch connector at its central warehouse for supplying field service offices. the yearly demand for these connectors is 15,000 units. southeastern estimates its annual holding cost for this item to be $25 per unit. the cost to place and process an order from the supplier is $75. the company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days.a) find the economic order quantity.b) find the annual holding costs.c) find the annual ordering costs.d) what is the reorder point?