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You have $1200 and a few different investment choices for the money. Below are a series of descriptions of investments, and equations that match with some of the descriptions. Please drag the equations to match the descriptions.

You have 1200 and a few different investment choices for the money Below are a series of descriptions of investments and equations that match with some of the d class=

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Compound interest equation:

  • [tex]A = P(1 + r/n)^{nt}[/tex],
  • Where A - future value, P - invested amount, r- rate, n- number of compounds per year, t- years.

Find equations for each case below.

1) P = 1200, r = 0.09, n = 1, t = 15

  • Equation:
  • A = 1200(1 + 0.09)¹⁵ = 1200(1.09)¹⁵

2) P = 1200, r = 0.12, n = 4, t = 15

  • Equation:
  • A = 1200(1 + 0.12/4)⁴*¹⁵ = 1200(1.03)⁶⁰

3) P = 1200, r = 0.12, n = 12, t = 15

  • Equation:
  • A = 1200(1 + 0.12/12)¹²*¹⁵ = 1200(1.01)¹⁸⁰

4) P = 1200, r = 0.15, n = 2, t = 9

  • Equation:
  • A = 1200(1 + 0.15/2)²*⁹ = 1200(1.075)¹⁸

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