Ben plans to make the following deposits into his savings account $250 in 12 months, $400 in 18 months and $650 in 30 months He earns interest at 2 p a compounded half yearly Ben chooses to use the following equation to calculate his account balance in 3 years Calculate the following variables in the above equation The variables may or may not be the same value Show your answer as an integer (positive or negative) Do not include units like years or months (number only) Do not use comma separators For example, 123456 would be the correct format n 1 Answer (0 5 mark) n 2 Answer (0 5 mark) n 3 Answer (0 5 mark) Ben chooses to use the following equation to calculate his account balance in 4 years Calculate the following variable in the above equation Round your answer to the nearest 0 001 (3dp) Do not include the symbol Do not use comma separators For example, if your answer in decimal is 0 123456, 12 346 would be the correct format i Answer (0 5 mark) Ben plans to make the following deposits into his savings account $250 in 12 months, $400 in 18 months and $650 in 30 months He earns interest at 2 p a compounded half yearly 1 Ben chooses to use the following equation to calculate his account balance in 3 years FV 250 (1 0 01)1 400 (1 0 01)N2 650 (1 0 01)3 Calculate the following variables in the above equation The variables may or may not be the same value Show your answer as an integer (positive or negative) Do not include units like years or months (number only) Do not use comma separators For example, 123456 would be the correct format n (0 5 mark) n2 (0 5 mark) n3 (0 5 mark) 2 Ben chooses to use the following equation to calculate his account balance in 4 years FV 250 (1 i)3 400 (1 i)2 5 650 (1 i)1 5 Calculate the following variable in the above equation Round your answer to the nearest 0 001 (3dp) Do not include the symbol Do not use comma separators For example, if your answer in decimal is 0 123456, 12 346 would be the correct format i (0 5 mark)

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Ben plans to make the following deposits into his savings account: $250 in 12 months, $400 in 18 months and $650 in 30 months. He

image text in transcribed Ben plans to make the following deposits into his savings account: $250 in 12 months, $400 in 18 months and $650 in 30 months. He earns interest at 2% p.a. compounded half-yearly.

Ben chooses to use the following equation to calculate his account balance in 3 years.

Calculate the following variables in the above equation. The variables may or may not be the same value.

Show your answer as an integer (positive or negative). Do not include units like years or months (number only). Do not use comma separators. For example, 123456 would be the correct format.

n₁=Answer (0.5 mark)

n₂=Answer (0.5 mark)

n₃=Answer (0.5 mark)
Ben chooses to use the following equation to calculate his account balance in 4 years.
Calculate the following variable in the above equation:

Round your answer to the nearest 0.001% (3dp). Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.123456, 12.346 would be the correct format.

i=Answer% (0.5 mark)

Ben plans to make the following deposits into his savings account: $250 in 12 months, $400 in 18 months and $650 in 30 months. He earns interest at 2% p.a. compounded half-yearly. 1. Ben chooses to use the following equation to calculate his account balance in 3 years. FV = 250 * (1 + 0.01)1 + 400 * (1 + 0.01)N2 + 650 * (1 + 0.01)3 Calculate the following variables in the above equation. The variables may or may not be the same value. Show your answer as an integer (positive or negative). Do not include units like "years" or "months" (number only). Do not use comma separators. For example, 123456 would be the correct format. n = (0.5 mark) n2= (0.5 mark) n3= (0.5 mark) 2. Ben chooses to use the following equation to calculate his account balance in 4 years. FV = 250 * (1 + i)3 + 400 * *(1 + i)2.5 + 650 * (1 + i)1.5 Calculate the following variable in the above equation: Round your answer to the nearest 0.001% (3dp). Do not include the % symbol. Do not use comma separators. For example, if your answer in decimal is 0.123456, 12.346 would be the correct format. i= % (0.5 mark)