What amount must be invested today at an annual interest rate of 5.5% if you want to purchase a $550,000 machine 5 years in the future? a. What is the number of time periods (n) you should use?
b. What rate of intertest (i), per period of time, should be used in solving this problem?
c. Is the present single amount of money (P) known? (yes or no)
d. What is the desired future amount?
e. Which time value factor should be used to solve this problem?
f. What is the total amount of money that must be invested today?

Draw a flowchart for a process of interest to you, such as a quick oil-change service, a factory process you might have worked in, ordering a pizza, renting a car or truck, buying products on the internet, or applying for an automobile loan. identify the points where something (people, information) waits for service or is held in work-in-process inventory, the estimated time to accomplish each activity in the process, and the total flow time. evaluate how well the process worked and what might be done to improve it.