(a) For the elevator of Example 7.9 (Section 7.2), what is the speed of the elevator after it has moved downward 1.00 m from point 1 in Fig. 7.17? (b) When the elevator is 1.00 m below point 1 in Fig. 7.17, what is its acceleration?

Personal Finance Time Value of Money $1 today is worth more than $1 in the future 3 main reasons to take money today (RIO) Risk: may not receive money Inflation: increase in general price level Opportunity cost: can do things with $1 today Types of Problems Future Value (lump sum) Present Value (lump sum) Annuities and loan payments o...