In Exercises 7374, round all answers to the nearest dollar.Here are two ways of investing $40,000 for 25 years. Lump-SumDeposit Rate Time$40,000 6.5% compoundedannually25 years PeriodicDeposits Rate Time$1600 at theend of eachyear6.5% compoundedannually25 years After 25 years, how much more will you have from thelump-sum investment than from the annuity?

MAT104Fall2016-Moore BEGINNINGOFSEMESTERSCHEDULE (subjecttochange,changeswillbeannouncedinclass) WEEK1 Day ClassTimeActivities Assignments Due Mon ▯ Introductions ▯ FinishLearningCycle#0...