Question: i need 1-4 probably different four formulas does not apply to a scenario, then say not applicable. you will not need to complete the n=
i need 1-4probably different four formulas does not apply to a scenario, then say "not applicable. you will not need to complete the n= Amt ? Select the correct formula, periodic rate of interest, number of periods, and given amount. If one of the missing parts to this scenario 1. How much should Alicia invest today so that she will have $20,000 in her account in ten years? Her investment is based on simple interest, annual interest rate is 7%. Formula 2. Alan purchased a jeep 20 years ago today it is worth $500. The jeep depreciates monthly ... compounded monthly) based on an annual rate of 12%, how much did Alan pay for Formula Amt rate of 7%. What is the value of her investment in 120 months? 2. Alicia invests $10,000 into a mutual fund that experiences linear growth at an annual interest Formula 1 = 4. Ally borrowed $120,000 for an unusual home loan. She pays the loan off in one payment at the end of 30 years. The amount she owes (balance) increases monthly by 1% of the current balance. What is her payment to the mortgage company at the end of the 30-year loan? Formula = Amt = 5. Jay deposits $500 into an investment account having a 7% annual rate of interest Interest is added once at the time Jay closes his account (120 months from the time of his deposit) and is based on the amount he deposited. What is the value of the account at closing? Amts i= Formula =A-PC Hin - 2.002/0 na leyller Ame $ 500.00 For # 5 above, what is your 3-step strategy when identifying the appropriate formula? Identify the formulas remaining for each step. Each step reduces the number of formulas by one-half. For example: step 1 reduces from eight to four formulas. Do not solve. 1. A = P(1 + in) 2. P= A (1 + in) 3. A=P(1 + i) 4. P= (1 + i)" i) 1. 6. R= (1+i)n-1 2. figure out which equatos 113,5,7 identify kind of investment in romlula identify interest said A-PHP ii in A=P"(Itan) 7. A =R[4-(1+0) ") 3. 8. R= Ai 1-(1 + i)
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