In Exercises 7374, round all answers to the nearest
Chapter 14, Problem 14.1.289(choose chapter or problem)
In Exercises 7374, round all answers to the nearest dollar. Here are two ways of investing $30,000 for 20 years. Lump-Sum Deposit Rate Time $30,000 5% compounded annually 20 years Periodic Deposits Rate Time $1500 at the end of each year 5% compounded annually 20 years After 20 years, how much more will you have from the lump-sum investment than from the annuity?
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