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

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

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Q: How much money must be deposited today to become $2200 in 30 years at 4.5% compounded continuously?…

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Q: How long will it take $1,400 to triple if it is invested at an annual interest rate of 5.9%…

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Q: Compute the compound interest. 7) How long will it take for $600 to grow to $26,600 at an interest…

A: for the continuous compound, the formula is  A=Pert A=26600 P=600 r=6.2%=0.062

Q: 4. How much money would you have in 5 years if today you invested $500 in a continuously compounded…

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Q: 12. How long will it take an investment of of $7,000 to triple in value if it is invested at 6.5%…

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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: Suppose that a savings account attracts an interest rate of 1.6% per annum. How much would need to…

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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: 1. (a) If $4500 is put in the bank today at 1.5% interest compounded continuously, how much will the…

A: (a) To find: The amount after 3 years. Given information: The invested amount is $54000 and rate of…

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

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Q: (i) What rate of interest compounded annually is needed to make an investment of $6,500 accumulate…

A: Compound interest formula :                                                   F=P1+rnnt Where…

Q: 6. Find the nimber of.years required for a $2000 investment to triple at a 9% interest rate…

A: The formula for continuous compounding is A=pert where A is the final amount p is principal amount r…

Q: How much money must you invest now at 4.2% interest compounded continuously in order to have $10,000…

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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: What rate of interest compounded annually is needed to make an investment of $6,500 accumulate to an…

A: Formula of compound interest: A=P1+rnnt where A= Final amount P= Principal amount r= Rate of…

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

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Q: 5b. How long, to the nearest tenth of a year, will it take $8000 to grow to $16,000 at 8% annual…

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Q: How much will a deposit of 5000 taka grow to in 20 years at 6% interest compounded continuously?

A: If the interest is compounded continuously, then the following formula is used. A=Pert , where, A is…

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: What size deposit must be made into an account earning 4.3% interest, compounded continuously, to be…

A: Formula for compound interest compounded continuously given by as P(t) = P0 ert Where P(t) = amount…

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: A person wants to have $30,000 in an investment account to buy a new car in 4 years. How much should…

A: Topic - compound Interest

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: Find the accumulated present value of an investment over a 7 year period if there is a continuous…

A: Given, R(t) = 5000 T    = 10 years K    = 2%

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

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Q: 7. How many years would it take for $450 to amount to $5000 if it is invested at 3.9% per annum…

A: The initial amount is: $450 The compound interest is: 3.9% The amount interested per annum…

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: 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: Use the continuously compound interest formula A=Pert to approximate the final value of $1500 at…

A: Given  A=PertP=$1500r=0.75%t=8 years.

Q: 4.52 What effective interest rate per month, compounded continuously, would be required for a single…

A: We have to find out the interest rate that would triple the amount in 5 years if compounded monthly.

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

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Q: 3. Determine the balance A for $7,000 invested at a rate of 4.5% for 20 years, compounded a. Monthly…

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Q: 16) How long, to the nearest year, will it take an investment to triple if it is continuously…

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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: 1. You invest $200 at 10% annual interest compounded continuously. How much do you have after 5…

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Q: checking Homework. Show Work.

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Q: a Credit How much should be invested now at an interest rate of 3% per year, compounded…

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Q: An employee wants to invest $60,000 in a pension plan. One investment offers 4% compounded…

A: given(1st plan)P=$60000, R=4%,n=6yearsfor compounded quaterlyA=P(1+R4x100)4n A=60000(1+44x100)4x6…

Q: How many years are required for an investment to double in value if it is appreciating at the rate…

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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: Calculate the amount of INTEREST earned in an account with initial investment of $25,000 in 10 years…

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Q: How much money must you invest now at 4.5% interest compounded continuously in order to have $10,000…

A: We know continuous compounding formulaP(t)=P0ert where value at time t P0=principal amount r= annual…

Q: What interest rate (compounded continuously) is earned by an investment that triples in 6 years? A…

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Q: How much should be deposited in an account payıng 5% interest in order to have a balance of $12,000…

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Q: 7. Suppose you deposit $1000 in an account paying 3% annual interest, compounded continuously. Use A…

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Q: A promissory note will pay $50,000 at maturity 8 years from now. If you pay $23,000 for the note…

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Q: Calculate the present value PV of an investment that will be worth $1,000 at the stated interest…

A: To calculate the present value of the investment Given that Time period, T = 13 years Interest…