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After 25 years, how much more interest will be earned from the lump sum investment than from the annuity? Here are two ways of investing
After 25 years, how much more interest will be earned from the lump sum investment than from the annuity?
Here are two ways of investing $25,000 for 25 years. Use this information and the formulas A=P(1+r)t and A=rP[(1+r)t1] to complete parts a. and b. below. a. After 25 years, how much more will you have from the lump-sum investment than from the annuity? You will have approximately $25000 more from the lump-sum investment than from the annuity. (Round to the nearest dollar as needed.) b. After 25 years, how much more interest will be earned from the lump-sum investment than from the annuity? The interest earned on the lump-sum investment will be approximately $ more than the interest earned from the annuity. (Round to the nearest dollar as needed.)Step by Step Solution
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