Answer:
Accelerating to top speed, deaccelerating to finish line.
Step-by-step explanation:
If the runner kept a constant speed of 11 mph for the whole duration of his run (32 minutes), the distance he would have covered is:
This means that, in order to run the full 6.2 miles, the runner needs to reach a speed over 11 mph. Assume he starts from rest, while accelerating the runner reaches, and the surpasses, the 11 mph mark. Since his speed at the finish line is zero, the runner has to deaccelerate from his current running speed (which should be higher than 11 mph), passing through 11 mph and reaching zero at the finish line.
Answer:
a. $311,555.26
b. $500,000
c. $188,444.74
Step-by-step explanation:
The computation is shown below:
a. Here we have to determine the present value
Given that
PMT = $25,000
NPER = 20
RATE = 5%
FV = $0
The formula is shown below:
= -PV(RATE;NPER;PMT;FV;TYPE)
after applying the above formula, the amount that need in the beginning is $311,555.26
b. The total money should be
= $25,000 × 20 years
= $500,000
c. The amount of interest is
= $500,000 - $311,555.26
= $188,444.74
