5. A man invested 1000 dollars in an account. How long will it take before this investment will triple if the interest per annum is 5% compounded continuously?

Q: 3. An account with an initial deposit of $6,500 earns 7.25% annual interest, compounded…

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Q: 2. Suppose that the half-life of a substance is 250 years. If there were initially 100 grams of the…

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Q: 6) Stanley Bank offers a money market account that earns 1.85% compounded continuously: a) If…

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Q: 38. What rate of interest compounded continuously will yield an effective interest rate of 6%?

A: We know that, if an amount P is invested at rate r for time t, compounded continuously yields amount…

Q: 3) Suppose that you have $6,000 to invest. Which investment yields the greater return over 4 years:…

A:

Q: 8. How much money must you invest now at 3.5% interest compounded continuously in order to have…

A: Given,  Compound amount=  $ 20000 Time period = 10 years Rate = 3.5%

Q: 10. Oscar invests $46,200 in an account that earns 3.675% interest, compounded continuously. How…

A: Given , Oscar invested amount 46,200 dollars .             Interest is 3.675% it is compound…

Q: Suppose £5000 is invested for five years. Calculate the amount accumulated at the end of five years…

A: given, Invested amount (P)=5000 Time period (t)= 5 years and the interest is compounded contiuously…

Q: 36. (a) How long does it take for an investment to triple in value if it is invested at 6%…

A:

Q: Joshua is going to invest $680 and leave it in an account for 19 years. Assuming to interest is…

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Q: A saving account deposit of $150 is to earn 6.5% compounded continuously. What amount should have…

A: Use the formula for the compound interest and substitute the given values than simplify.

Q: How much money will there be in an account at the end of 7 years if $13000 is deposited at a 3.5%…

A:

Q: 35. (a) How long does it take for an investment to double in value if it is invested at 8%…

A: Formula for amount if interest is compounded periodically is given as: A=P1+rnnt, where A is future…

Q: 3- Suppose $5,000 is invested at an annual interest rate of 7%. Compute the balance after 10 years…

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Q: If $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how…

A: According to the question, we have to find the total amount after 3 years , If $20,000 is invested…

Q: 9. How long does it take an investment to triple at an annual interest rate of 6.45% compounded…

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Q: Leonard's current salary is $65,000. Ten years from now, how much will he need to earn to retain his…

A: Given information Present annual salaryP=$65,000 Rate of inflationr=3% per year compounded…

Q: Suppose $5,000 is invested at an annual interest rate of 7%. Compute the balance after 10 years if…

A: Given that  Initial amount of investment =$5000 Interest rate = 7% = 7/100 = 0.07 Time (t) = 10…

Q: What amount must be invested at 9% compounded continuously, so that it will be worth $35,000 after 5…

A: The total amount (A) obtained after t years by investing an initial amount of P in a firm or account…

Q: 19. Angela invests $3,500 in a money market account earning 2.5% compounded continuously. How mush…

A: We have given  Investment amount = $3500 So principal, P = $3500 rate, r = 2.5% = 2.5/100 = 0.025…

Q: A sum of $10,000 is invested at an annual rate of 8%. Find the balance in the account after 5 years…

A: Given: P=10,000 and r=8%=0.08, t=5 years, n=4

Q: 6. Suppose you want to have $12,450 in an account 16 years from now, and the APR is 2.3%. (a) If…

A: A=$12450 r=2.3% =0.023 t=16 years  n=4 (quarterly ) A=P(1+r/n)^(n*t)

Q: 3. You are investing $6000 that will eam 5.0% interest compounded continuously. How much is your…

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Q: 42. Suppose an investment account is opened with an initial deposit of $12, 000 earning 7.2%…

A: We can solve only very first question as per the honor policy. Please resubmit the other question as…

Q: 42. Suppose an investment account is opened with an initial deposit of $12,000 earning 7.2% interest…

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Q: 1. The amount of a certain medicine in the bloodstream decays exponentially with a half- life of 5…

A: Here, given that the amount of certain medicine in the bloodstream decays exponentially with a…

Q: 2. (a) If you invest $ 3000 in an account that pays 9% APR compounded continuously, how much will…

A: As per guidelines,we will solve only first question. If you want solution of another question ,…

Q: 4. Mr. Roberts invests $10,000 in an account that pays 3.75% interest compounded continuously.…

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Q: if $8,000 is invested at 5.5% compounded continuously, how much money will there be at the end of 7…

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Q: suppose $5000 is invested in an account at an annual interest rate of 3.7% compounded continuously.…

A: To determine the taken by an investment of $ 5000 to double.

Q: 5. (a) How long does it take for an investment to double in value if it s invested at 8% compounded…

A: Given query is to find the time taken to become an investment double of its value.

Q: How much will $100 grow to if invested at a continuously compound interest rate of 8.5% for 9 years?

A: The compound interest formula for an amount P compounded annually at an interest rate of r% for a…

Q: 7. At what interest rate compounded continuously must money be invested in order to triple in 10…

A: We know that  P=Aert where A= Principal value r=rate  and t=time

Q: 4. How long will it take $2,000 to grow to $24,000 if it is invested at 7% compounded monthly?

A: Given that  P=Principal amount= $2000                                              A=Annual rate of…

Q: 22. (a) How long will it take an investment to double in value if the interest rate is 6% compounded…

A:

Q: suppose we put $2000 into an account earning 10% interest compounded continuously. how long will it…

A: $2000 into an account earning 10% interest compounded continuously

Q: 2. If $2000 is invested at 6% interest, find the amounts due to the nearest cent at the end of 4…

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Q: 11) Suppose that $6500 is invested at 4% for 3 years. Find the total amount present at the end of 3…

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Q: checking Homework. Show Work.

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Q: Suppose your great-great grandfather invested $300 earning 3.5% interest compounded continuously 100…

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Q: Suppose an individual wants to have $190,000 available for her child’s education. Find the amount…

A: To find the amount that would have to be invested

Q: 2) Bank A offers 5% nominal interest compounded every 3 months. What is the nominal interest rate…

A: Given that, Bank A offers 5% nominal interest compounded every 3 months.

Q: 6. You deposit $1600 into an account that pays 2.5% interest compounded continuously. When does the…

A: This question is related to compound interest.

Q: If 8000 dollars is invested in a bank account at an interest rate of 9 per cent per year, compounded…

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Q: how long will it take to have a final balance of $100,000 if $1,000 is invested at 5% interest rate…

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Q: Starting at age 30, you deposit $2000 a year into an IRA account for re stream. If money in the…

A: Given that Starting at age 30, you deposit $2000 a year into an IRA account for retirement. Treat…

Q: 3. Find the accumulated amount after 3 years if $2000 is invested at 6.5% per year compounded (a)…

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Q: If $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how…

A: We have to find how fast balance will grow per year after 4 year

Q: Someone invests a constant stream of $25,000 per year at a continuously compounding interest rate of…

A: Annuity, A= a constant stream of $25,000 per yearInterest rate, r = continuously compounding…

Q: How much money must be deposited today to become $2450 in 60 years at 6.5% compounded continuously?

A: