James inherits a $20,000 life insurance benefit from his father. The benefit will be paid to him in an annuity. James has three options how he will receive the payment. Option 1: James will receive a level payment of $2,000 at the end of each period for n periods Option 2: He will receive a level payment of $819 at the end of each period for 3n periods Option 3: He will receive a level payment of $X at the end of each period for 4n periods. If James earns the same yield rate for all 3 options, calculate

Q3. loral corporation manufactures parts for an aircraft company. it uses a computerized numerical controlled (cnc) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of ± 0.020 inch. the cnc process that manufactures these parts has a mean of 1.285 inches and a standard deviation of 0.005 inch. compute the process capability ratio and process capability index, and comment on the overall capability of the process to meet the design specifications.