At age 25, you start to work for a company and are offered two rather fanciful retirement options. Retirement Option 1: When you retire, you will be paid a lump sum of $25,000 for each year service. Retirement Option 2: When you start to work, the company will deposit $11,000 into an account that pays a monthly interest rate of 1.00%. When you retire, the account will be closed and the balance given to you. Which retirement option is more favorable to you if you retire at age 65? O retirement option 1 O retirement option 2 Which retirement option is more favorable if you retire at age 55? O retirement option 1 O retirement option 2
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.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
