James and Mary Watson own a small chain of McDonald's restaurants that is valued at $2,300,000. They believe that the chain will grow in value at 12% per year compounded annually for the next 5 years. If they sell the chain, the funds will be invested at a rate of 6% compounded semiannually. They expect infla- tion to be 3% per year for the next 5 years. Ignore taxes, and answer the follow- ing, rounding answers to the nearest dollar at each step. McDonald's 1. Find the future value of the chain after 5 years. Then find the price they should sell the chain for if they wish to have the same future value at the end of 5 years. 1. 2. Find the future value of the chain if it grows at only 2% per year for 5 years. Then find the price they should ask for the chain given a 2% growth rate per year. 2. 3. Use the compound amount formula to answer the following: What would the future value of the chain be if it grew at the expected rate of inflation? Find the price they should ask for the chain if it grows at that rate. 3.

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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.