0LEUSLC 2.2 Compound Interest 153 33. Present Value Determine the amount of money, to the near- 9oest dollar, that you must invest at 6% per year, compounded o annually, so that you will be a millionaire in 30 years ded 34. Present Value Determine the amount of money, to the nearest dollar, that you must invest now at 7% per year, compounded annually, so that you will be a millionaire in bo 40 years. ter ds, 821 ed TO2ce 35. Stocks Six years ago, I invested some money in Dra- cubunny Toy Co. stock, acting on the advice of a "friend." As things turned out, the value of the stock decreased by 5% every 4 months, and I discovered yesterday (to my hor- ror) that my investment was worth only $297.91. How much did I originally invest? n te it 36. Sales My recent marketing idea, the Miracle Algae Grow- ing Kit, has been remarkably successful, with monthly sales
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.
Six years ago I invested some money in dracubunny toy co acting on the advice of a friend as things turned out the value of the stock decreased by 5% every 4 months and I discovered yesterday ( to my horror) that my investment was worth only $297.91
How much did I originally invest ?
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