1. A=P(1+in) 2. P=(1+in)A 3. A=P(1+i)n4P=(1+i)nA 5. A=R[i(1+i)n1] For each question, provide the 6. R=(1+i)n1Al 1. formula (number is sufficient): 2. periodic rate of interest: 3. number of periods; and 7. A=R[11(1+i)n] 4. either A. P, or R as amount. Comment parts 2, 3, and 4, are 8. R=1(1+i)nAl the values you would plug into the formula to get the answer. 6. Alan purchased a jeep 20 years ago for $10,000. It has been depreciating at an annual rate of 10%, compounded annually. What is the value of the jeep today? Formula =A1(R4:ni=01n=Q Amt. =$1,215.766 7. 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=.01n=20 Amt. = 8. 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 buliding 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=1.08n=5 Amt = 9. 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 = i=n,01=1Amt.= 10. How much should Alicia invest today so that she will have $20,000 in her account in 120 months? Her investment is based on simple interest; annual interest rate is 7%. Formula = i=..D7n=10Amt.=