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Assume that Ole Olson is a patron of the Taft Farmers Cooperative. The cooperatives Board...

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Finance

  1. Assume that Ole Olson is a patron of the Taft Farmers Cooperative. The cooperatives Board of Directors uses a Specialized equity redemption plan that redeems the members entire retained equity at age 67. How much redeemed equity will Ole receive on his 67th birthday next week? (Please see Table 1)

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Table 1. Information for Specialized equity redemption plan Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Retained Equity for Ole Olson $ 15,079 $ 14,288 $ 30,745 $ 38,746 $ 49,397 $ 58,756 $ 31,788 $ 65,164 $ 45,622 $ 40,324 $ 32,963 Table 1. Information for Specialized equity redemption plan Fiscal Year 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Retained Equity for Ole Olson $ 15,079 $ 14,288 $ 30,745 $ 38,746 $ 49,397 $ 58,756 $ 31,788 $ 65,164 $ 45,622 $ 40,324 $ 32,963

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