Here are two ways of investing $40,000 for 25 years. After 25 years, how much more will you have from the lump-sum investment than from the annuity? Use the formula for the sum of
Here are two ways of investing $40,000 for 25 years. After 25 years, how much more will you have from the lump-sum investment than from the annuity? Use the formula for the sum of an infinite geometric series to solve Exercises 561562.
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