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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

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