Question: 1. A = P(1 + in) 2. P= A (1 + in) Extra Credit 3. A=P(1 + i)n 4. P= A Suppose you are given

1. A = P(1 + in) 2. P= A (1 + in) Extra Credit 3. A=P(1 + i)n 4. P= A Suppose you are given the following investment (1 + i)n scenario: 5. A=R[1+1}" 1] Jim deposits monthly into an account that unfortunately depreciates at a monthly rate of 0.2% Ai (compounded monthly). The value of Jim's 6. R account after 4 years is $3000; how much did Jim (1 + i) - 1 deposit monthly? What are your 3-step strategies (designed to reduce 7. A =R[1=(1+i) the number of formulas by one-half for each step) AI when identifying the appropriate formula/model? 8. RE Also, identify the formulas for each step. Do not solve. 1(1+i)n Step 1: Step 2 Step 3

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