Answer Happy

1. A = P(1 + in) 2. P= (1 + in) 3. A=P(1 +1 4. P: (1 +1 5. A=R[4 +10 1] ΑΙ 6. R= (1 + i)-1 7. A=R[1-(1+1)] 8. R= Ai 1-(1+i) en At the end of each month, you make routine deposits of $100 into an account. Interest, Which is the product of the current account balance and the monthly rate of interest (annual rate is 6%) is added to the balance a moment before you make your next monthly deposit. How much is in your account after 5 years? Formula = יח Amt. = A community experiences linear population growth at a yearly rate of 3%. The population in 1985 was 27,500; what was the population in 2000? Formula = i= Amt. = n= Ben deposits monthly into an account that unfortunately depreciates at a monthly rate of 0.5% (compounded monthly). The value of Ben's account after 2 years is $2000; how much did Ben deposit monthly? n Amt. = Formula = 2 Alan purchased a jeep 20 years ago for $10,000. It has been depreciating at an annual Yate of 10%, compounded annually. What is the value of the jeep today? n = Amt. = Formula =
1. A=P(1 + in) 2.P-14 in) 3. A=P(1 + i)" 4. P= (1+i)n A=R[(1+i)n-1) Ai 6. R= (1+1)-1 7. A=R[1-(1+) ") Ai 8. R= 1-(1+i)n Starting one month after retiring, Julie plans to withdraw $2000 monthly from her IRA for the next 20 years. Interest in the amount of 1% of the remaining balance is added monthly to the account. How much should Julie have in her account upon retiring? Formula = i= n= Amt. = Ace Ventura is planning to purchase a building for a veterinarian clinic in 60 months. The building he plans to purchase currently cost $200,000. The building appreciates at an 8% annual rate. Based on compounded quarterly growth, what will be the value of the building at the time of purchase? Formula = i = n Amt. = Beau receives annual royalty payments from a software publisher. He immediately deposits the money into an account that is compounded annually at a monthly rate of 1%. The value of the account based on 20 deposits is $200000; what is the amount of the annual royalty payment? Formula = n Amt. =