Here are two ways of investing $50,000 for 25 years. Lump-Sum Deposit Rate $50,000 4% compounded annually Periodic Deposit $2000 at the end of each year a. Rate 4% compounded annually Use this information and the formulas A = P(1 + r) and A = and b. below. ... Time 25 years Time 25 years P[(1+r)²-1] r to complete parts a. After 25 years, how much more will you have from the lump-sum investment than from the annuity? You will have approximately $ more from the lump-sum investment than from the annuity. (Round to the nearest dollar as needed.)
Here are two ways of investing $50,000 for 25 years. Lump-Sum Deposit Rate $50,000 4% compounded annually Periodic Deposit $2000 at the end of each year a. Rate 4% compounded annually Use this information and the formulas A = P(1 + r) and A = and b. below. ... Time 25 years Time 25 years P[(1+r)²-1] r to complete parts a. After 25 years, how much more will you have from the lump-sum investment than from the annuity? You will have approximately $ more from the lump-sum investment than from the annuity. (Round to the nearest dollar as needed.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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