Lump-Sum Deposit Rate Time 5% compounded annually $30,000 20 years Periodic Deposits Rate Time $1500 at the end of each year 5% compounded annually 20 years
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.
Use the formula for the value of an annuity to solve:Here are two ways of investing $30,000 for 20 years.After 20 years, how much more will you have from the lump-sum investment than from the annuity?Round answers to the nearest dollar.
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