A 1. A = P(1 + in) 2. P= (1 + in) 3. A=P(1 + i) 4. P= For questions 1 - 12, provide the 1. formula (number is sufficient); 2. periodic rate of interest; 3. number of periods; and 4. either A, P, or R as amount. 5. A=R[(1 +99-1] 6. R= Ai (1 + in 1 Calculation is not required. For example: 3-5 is fine. 7. A =R[1-(1 + i)"] 8. R= Ai 1-(1+i)=n 1. Due to inflation, the worth of the dollar over a period of time is reduced by the product of its original value (i.e., $1) and the rate of inflation over that period of time (annual rate of inflation is 4 %). What will be the value of $1000 in 10 years? Formula = - n = Amt. = 2. Pete is making $200 monthly car payments for 3 years. The amount she owes (balance) increases monthly by 1% of the current balance; what was the purchasing price of Pete's car? Formula = n Amt. = 3. Because of continual energy system modifications (e.g., rebuilding the turbine) production at a nuclear power plant increases quarterly (.e., every 3 months) by the product of the current production level and the periodic production rate (annual rate is 4%). Current generating level 900 mw/hr., what was the generating level 24 months ago? Formula = n = Amt. = 4. Ally purchased a home for $190,000. Based on a 30-year home loan compounded monthly by 1%, how much are her monthly payments? Formula = no Amt. = A 1. A = P(1 + in) 2. P= (1 + in) 3. A=P(1 + i) 4. P= For questions 1 - 12, provide the 1. formula (number is sufficient); 2. periodic rate of interest; 3. number of periods; and 4. either A, P, or R as amount. 5. A=R[(1 +99-1] 6. R= Ai (1 + in 1 Calculation is not required. For example: 3-5 is fine. 7. A =R[1-(1 + i)"] 8. R= Ai 1-(1+i)=n 1. Due to inflation, the worth of the dollar over a period of time is reduced by the product of its original value (i.e., $1) and the rate of inflation over that period of time (annual rate of inflation is 4 %). What will be the value of $1000 in 10 years? Formula = - n = Amt. = 2. Pete is making $200 monthly car payments for 3 years. The amount she owes (balance) increases monthly by 1% of the current balance; what was the purchasing price of Pete's car? Formula = n Amt. = 3. Because of continual energy system modifications (e.g., rebuilding the turbine) production at a nuclear power plant increases quarterly (.e., every 3 months) by the product of the current production level and the periodic production rate (annual rate is 4%). Current generating level 900 mw/hr., what was the generating level 24 months ago? Formula = n = Amt. = 4. Ally purchased a home for $190,000. Based on a 30-year home loan compounded monthly by 1%, how much are her monthly payments? Formula = no Amt. =
