Your Uncle Nick made a trust fund for your younger sister. He had more money when she was born, so he put $6500 into a trust fund for her. He was only able to get 5.575% APR compounded annually for her fund. How much is in her trust fund when she turns 18? How much is in her trust fund when she is 18 years 10 months? How much is in her trust fund when she turns 19?
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.
- Your Uncle Nick made a trust fund for your younger sister. He had more money when she was born, so he put $6500 into a trust fund for her. He was only able to get 5.575% APR compounded annually for her fund.
- How much is in her trust fund when she turns 18?
- How much is in her trust fund when she is 18 years 10 months?
- How much is in her trust fund when she turns 19?
- How much when she turns 60?
- Plot the growth of her investment up to age 19.
- Plot growth up to age 60.
- Thinking back to the guide, who got the better deal?
- Is this true for the any number of years?
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