Question: i need help with these Formulas: y = a(1+r)' A = P ( 1 + Int A = Pe You are interested in investing some

i need help with these

i need help with these Formulas: y = a(1+r)'
Formulas: y = a(1+r)' A = P ( 1 + Int A = Pe You are interested in investing some money in order to be prepared for retirement. While that is a long way away, it is always better to be more prepared! You are researching different types of accounts and have it narrowed down to three. Account #1 - Exponential Growth Your first option is an account that offers basic interest, which represents exponential growth. Use the proper formula to answer the following questions about this account. (3 points each) 1. If you invest $1.000 now and hope to have $100.000 in 40 years, what interest rate will you have y= 100Ood to get from your bank? C = 1000 100000 - 1000 (1+r) 1000 1000 += 40 100 100 = 109 ( 1+r) [ = ? 2. If your rate is set at 5.75% and you know you have 40 years, how much money will you have to invest now to have $100,000 in your account after those 40 years are over? -100000= Q(1+5.75) 3. If your rate is set at 5.75% and you have $5,000 to invest now, how much time would it take for your account balance to be $100,000? KODOOD: 5000 ( 1+5.375 ) 5060 5090 20= 4.75 + 6-75 6:75 3.0 :4 Account #2 - Compound Interest Your second option is an account that offers compounded interest. Use the proper formula to answer the following questions about this account. (3 points each) 4. If you invest $1,000 now and hope to have $100,000 in 40 years, what interest rate will you have to get from your bank assuming that the interest compounds monthly

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