Jake was born on January 1st On the last day of the month Jake’s mom opened a college fund for him by depositing $500 into an account that pays 4% per annum compounded monthly. She intends to deposit a similar amount on the last day of each month until Jake is 20 years old. She will then stop depositing money into the account. However, she will leave the money in the account until Jake is ready to attend college. ` If Jake has decided that he would begin attending college when he is 27. How much money would then be in the account? Jake intends to finance his college education by making forty eight (48) equal monthly withdrawals from the account. How much will each withdrawal be?
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.
- Jake was born on January 1st On the last day of the month Jake’s mom opened a college fund for him by depositing $500 into an account that pays 4% per annum compounded monthly. She intends to deposit a similar amount on the last day of each month until Jake is 20 years old.
She will then stop depositing money into the account. However, she will leave the money in the account until Jake is ready to attend college.
`
- If Jake has decided that he would begin attending college when he is 27. How much money would then be in the account?
Jake intends to finance his college education by making forty eight (48) equal monthly withdrawals from the account. How much will each withdrawal be?
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