Theadre Adams wants to open an accounting firm once she gets out of college in 4 years. She has determined that in order to open up her business she would need $160,000.00. She has determined that she would need a $30,000 down payment. The $160,000 would go towards paying out on a monthly basis a total of 4 years. a) What would her annuity payment be monthly in order to raise the money if she saves at an institution that offers 5.5% interest on deposit? b) If the same financial institution would then offer 8% on deposit over 48 months, what is the monthly payout of the annuity that she will use for her business' monthly expenses? 11.
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.
Step by step
Solved in 3 steps
