You want to save money for retirement. Your savings pattern is as follows: First 7 years:...

    

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You want to save money for retirement. Your savings pattern is as follows: First 7 years: You save $2500 each year Next 14 years: In the 8th year, you save $2400 and decrease your savings by $100 in each following year. How much money will you have when you retire at the end of 21 years, if the interest rate is 7% per year? Question 6 Part B: Identify the correct Function Notation for this scenario. O 2500(F/A, 7 %, 21) + 100 ( F/G , 7 %, 15) O 2500(P/A, 7%, 21) (F/P, 7%, 21 ) - 100(P/G, 7%, 15XF/P, 7%, 15) O 2500(F/A, 7%, 21) + 100 ( F/G, 7%, 14) 2500(P/A, 7%, 21)-100 (P/G, 7%, 14X (F/P, 7%, 14) You want to save money for retirement. Your savings pattern is as follows: First 7 years: You save $2500 each year Next 14 years: In the 8th year, you save $2400 and decrease your savings by $100 in each following year. How much money will you have when you retire at the end of 21 years, if the interest rate is 7% per year? Question 6 Part C: Provide the final value of your retirement fund. Enter your answer in the form: 12345.67 You want to save money for retirement. Your savings pattern is as follows: First 7 years: You save $2500 each year Next 14 years: In the 8th year, you save $2400 and decrease your savings by $100 in each following year. How much money will you have when you retire at the end of 21 years, if the interest rate is 7% per year? Question 6 Part D: Provide a statement for the answer to Part C. You will have $_PartC_ in your retirement fund at the interest rate of 7% per year. O You will have $ PartC in your retirement fund at the end of 21 years. O You will have $ PartC in your retirement fund at the end of 21 years, at the interest rate of 7% per year. O You will have $_PartC You want to save money for retirement. Your savings pattern is as follows: First 7 years: You save $2500 each year Next 14 years: In the 8th year, you save $2400 and decrease your savings by $100 in each following year. How much money will you have when you retire at the end of 21 years, if the interest rate is 7% per year? Question 6 Part B: Identify the correct Function Notation for this scenario. O 2500(F/A, 7 %, 21) + 100 ( F/G , 7 %, 15) O 2500(P/A, 7%, 21) (F/P, 7%, 21 ) - 100(P/G, 7%, 15XF/P, 7%, 15) O 2500(F/A, 7%, 21) + 100 ( F/G, 7%, 14) 2500(P/A, 7%, 21)-100 (P/G, 7%, 14X (F/P, 7%, 14) You want to save money for retirement. Your savings pattern is as follows: First 7 years: You save $2500 each year Next 14 years: In the 8th year, you save $2400 and decrease your savings by $100 in each following year. How much money will you have when you retire at the end of 21 years, if the interest rate is 7% per year? Question 6 Part C: Provide the final value of your retirement fund. Enter your answer in the form: 12345.67 You want to save money for retirement. Your savings pattern is as follows: First 7 years: You save $2500 each year Next 14 years: In the 8th year, you save $2400 and decrease your savings by $100 in each following year. How much money will you have when you retire at the end of 21 years, if the interest rate is 7% per year? Question 6 Part D: Provide a statement for the answer to Part C. You will have $_PartC_ in your retirement fund at the interest rate of 7% per year. O You will have $ PartC in your retirement fund at the end of 21 years. O You will have $ PartC in your retirement fund at the end of 21 years, at the interest rate of 7% per year. O You will have $_PartC

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