earns 8%, compounded quarterly, and makes additional deposits of $500 at the end of each quarter for the next 22 1 years, until she retires. To supplement her retirement, Janine wants to 2 make withdrawals at the end of each quarter for the next 12 years, at which time the account balance will be zero. 1. How much is in the account after the last deposit? 2. What is the total amount deposited? 3. What is the amount of each withdrawal? 4. What is the total amount withdrawn from the
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
Suppose that Janine deposits her $18,000 bonus in an account that earns 8%, compounded quarterly, and makes additional deposits of $500 at the end of each quarter for the next 22 1 years, until she retires. To supplement her retirement, Janine wants to 2 make withdrawals at the end of each quarter for the next 12 years, at which time the account balance will be zero.
1. How much is in the account after the last deposit?
2. What is the total amount deposited?
3. What is the amount of each withdrawal?
4. What is the total amount withdrawn from the account?
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