​(Compound value​) The Aggarwal Corporation needs to save ​$ million to retire a ​$ million mortgage that matures in years. To retire this​ mortgage, the company plans to put a fixed amount into an account at the end of each year for ​years, with the first payment occurring at the end of 1 year. The Aggarwal Corporation expects to earn percent annually on the money in this account. What equal annual contribution must it make to this account to accumulate the million in ​years

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?