Question
Card Set: Investment Plans and Formulas P1 Investment: $400 Simple Interest Rate: 16% P2 Investment: $400 Compound Interest Rate: 2% P3 Investment: $400 Simple Interest
Card Set: Investment Plans and Formulas
P1 | Investment: $400 Simple Interest Rate: 16% | P2 | Investment: $400 Compound Interest Rate: 2% |
P3 | Investment: $400 Simple Interest Rate: 8% | P4 | Investment: $200 Compound Interest Rate: 2% |
P5 | Investment: $400 Compound Interest Rate: 8% | P6 | Investment: $400 Simple Interest Rate: 2% |
F1 A = 400 (1+ 0.08)t | F2 A = 400 (1 +0.08t) |
F3 A = 400 (1+ 0.02)t | F4 A = 400 (1 +0.02t) |
F5 | F6 |
Card Set: Tables
T1 T2
Years | Value ($) |
0 | 400.00 |
1 | 432.00 |
2 | 466.56 |
3 | |
4 | 544.20 |
5 | 587.73 |
Years | Value ($) |
0 | 200.00 |
1 | 204.00 |
2 | |
3 | 212.24 |
4 | 216.49 |
5 | 220.82 |
T3 T4
Years | Value ($) |
0 | 400.00 |
1 | 408.00 |
2 | |
3 | 424.00 |
4 | 432.00 |
5 | 440.00 |
Years | Value ($) |
0 | 400.00 |
1 | 408.00 |
2 | |
3 | 424.48 |
4 | 432.97 |
5 | 441.63 |
T5 T6
Years | Value ($) |
0 | 400.00 |
1 | 432.00 |
2 | 464.00 |
3 | |
4 | 528.00 |
5 | 560.00 |
Years | Value ($) |
0 | 400.00 |
1 | 464.00 |
2 | |
3 | 592.00 |
4 | 656.00 |
5 | 720.00 |
Card Set: Statements
S1 | These two investments will take the same time to double your money. | S2 | This investment will double your money in 12 years 6 months. |
S3 | S4 | This investment is the best one over 10 years. | |
This investment gives | |||
the worst return for your | |||
money over two years | |||
or more. | |||
S5 | This investment is the best one over 20 years. | S6 |
Plan | Formula | Graph | Table | Statement |
P1 |
| |||
P2 | ||||
P3 | ||||
P4 | ||||
P5 | ||||
P6 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started