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Impulse-momentum: Consider two less-than-desirable options. In the first you are driving 50 km/h and crash head-on into an identical car also going 50km/h. In the second option you are driving 50 km/h and crash head-on into a stationary brick wall. In neither case does your car bounce off the thing it hits, and the collision time is the same in both cases. Which of these two situations would result in the greatest impact force?
Annual Payments
Regular payments made once a year, often referred to in the context of loans, annuities, or insurance policies.
Interest Rate
The percentage charged on a loan or paid on an investment over a specific period of time, often annually.
Equal Dollar Amounts
Situations where monetary values, contributions, or distributions are the same in magnitude.
Annuity Contract
A financial product sold by financial institutions that provides a series of payments in exchange for an initial payment.
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