Casio ED-WKBK-PRECALC Datasheet download pdf (Page 15)

12. Calculate the future value of an investment of $100 a year, at 5% APR, for 10

years.

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13. Calculate the future value of an investment of $100 a year, at 5% APR, for 30

years.

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14. Calculate the difference between question 12 and question 13.

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15. Calculate the future value of an investment of $500 a month, at 5% APR, for

10 years.

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16. Calculate the future value of an investment of $500 a month, at 5% APR, for

30 years.

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17. Calculate the difference between question 15 and question 16.

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The smart move is to start investing early and put aside a set amount each year.

The formula for finding the amount of money earned from an annual investment at a

given rate is:

1)i1(

−+

Where

P is the annual amount invested, i is the rate of interest, n is the number of

times the interest is calculated, and

F is the future value of the investment.

18. Calculate the annual investment needed at 10% APR to earn $100,000 in 10

years.

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Activity 2 • Algebra II with the Casio fx-9750GII

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Casio ED-WKBK-PRECALC Datasheet Page 15