Examlex
A jet heads in the direction N
E at a speed of
mi/h. If the jet experiences a
mi/h crosswind flowing due east, find (a) the true velocity
of the jet
b) the true speed of the jet
c) the direction of the jet.
Present Value
The present worth of a sum of money or a series of cash flows expected in the future, assuming a certain rate of return.
Compounded Annually
A method of calculating interest where the interest rate is applied once per year, and each year’s interest calculation includes the interest from the previous years.
Annual Rents
Regular payments made for the use of property or land over a yearly basis.
Compound Interest Tables
Reference tables used to find the amount of compound interest earned or payable over a period of time, based on various rates and compounding frequencies.
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