full name: malcolm lewis\ntodays problem\ntwin brothers, who were nicknamed mustard and ketchup, were on…

full name: malcolm lewis\ntodays problem\ntwin brothers, who were nicknamed mustard and ketchup, were on their way to hear what they inherited from their grandpa, who they called papa relish. may he rest in peace. interestingly, it so happened to be their 15th birthday.\nwhen reading papa relishs will, mustard and ketchup found that they had completely different inheritances.\n\to my dear grandson mustard, i leave a lump sum of $3,000,000 to be paid immediately.\\n\to my dear grandson ketchup, i order him to be paid $5000 every month until he turns 65.\\nketchup and mustard were both surprised. ketchup felt a little jealous of mustard because he also wanted $3,000,000 all at once. and mustard felt a little jealous of ketchup because he felt like ketchup was getting more money in the long run.\nwhich brother do you think is getting more money in their inheritance? show your work and reasoning below.

full name: malcolm lewis\ntodays problem\ntwin brothers, who were nicknamed mustard and ketchup, were on their way to hear what they inherited from their grandpa, who they called papa relish. may he rest in peace. interestingly, it so happened to be their 15th birthday.\nwhen reading papa relishs will, mustard and ketchup found that they had completely different inheritances.\n\to my dear grandson mustard, i leave a lump sum of $3,000,000 to be paid immediately.\\n\to my dear grandson ketchup, i order him to be paid $5000 every month until he turns 65.\\nketchup and mustard were both surprised. ketchup felt a little jealous of mustard because he also wanted $3,000,000 all at once. and mustard felt a little jealous of ketchup because he felt like ketchup was getting more money in the long run.\nwhich brother do you think is getting more money in their inheritance? show your work and reasoning below.

Answer

Explanation:

Step1: Calculate number of months

Ketchup is 15 and will receive money until 65. So number of years is $65 - 15=50$ years. Since there are 12 months in a year, number of months $n = 50\times12 = 600$ months.

Step2: Calculate Ketchup's total inheritance

Ketchup gets $5000$ per month. So total inheritance $T = 5000\times n$. Substituting $n = 600$, we get $T=5000\times600=$3,000,000$.

Step3: Compare inheritances

Mustard gets $$3,000,000$ as a lump - sum. Ketchup also gets $$3,000,000$ in total.

Answer:

Both brothers are getting the same amount of money in their inheritance, which is $$3,000,000$.