MATH 110 EXAM 1 WITH FULL PACK SOLUTIONS

MATH 110 EXAM 1 WITH
FULL PACK SOLUTIONS




A=Pe^rtv-vcorrectvanswer-Compoundedvcontinuously

A=P(1+r/m)^mtv-vcorrectvanswer-CompoundvInterest

A=P(1+rt)v-vcorrectvanswer-simplevinterest

A=PMT(((1+r/m)^mt-1)/(r/m))v-vcorrectvanswer-Paymentsvtovsavevmoneyvup

totalvreturnv-vcorrectvanswer-(A/P)^1/y-1

A=PMT((1-(1+(r/m)^-mt)/(r/m))v-vcorrectvanswer-Payingvmoneyvoff

(new-old)/oldv-vcorrectvanswer-percentvchange

1x+rx=totalvtaxv-vcorrectvanswer-calculatingvtaxes

CPIv(ConsumervPricevIndex)v-vcorrectvanswer-(old/
new)today'svprice=pricevinvpastvdollars

"compoundedvcontinuously"v-vcorrectvanswer-A=Pe^rt

"compoundedvmonthly"v-vcorrectvanswer-A=P(1+(r/m))^mt

"simplevinterestvrate"v-vcorrectvanswer-A=P(1+rt)

"Howvmuchvshouldvyouvinvestveachvmonth..."v-vcorrectvanswer-A=PMT((1+(r/m)^mt-
1)/(r/m))