A favorite aunt wishes to establish a trust fund for her niece's math education. How much should she set aside now if she wants $30,000, 4 years from now, and interest is compounded continuously at 8%? ০ $30,000(1.08) O $30,000(1.08)-0.32 $30,000e-1.32 O $30,000e-0.08 $30,000e-0.32 O O O O

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A:

Q: A newborn child receives a $15,000 gift toward a college education from her grandparents. How much…

A: The gift amount receieved, P=$15000

Q: How long (in years and months) will it take for an investment to double at 4% compounded monthly?…

A: The explanation has been given in the attached file.

Q: you invest $7,500 in an account paying 8.35% compounded continuously, how much money will be in the…

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Q: Jerome will be buying a used car for $15,000 in 3 years. How much money should he ask his parents…

A: Given, Future value  A=$15,000           Interest r=0.05           Time t=3 To find the Present…

Q: How long did it take for an investment of $21,250 to grow to at least $24,000 at 2.50% compounded…

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Q: How much should she set aside now

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Q: how long will it take $15,000 to grow to $18,000 if the investment earns interest at the rate of…

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Q: How many years are required for your money to triple if it is invested at 9% compounded? a. annually…

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Q: The parents of a child wish to establish a trust fund for the child’s college education. If they…

A: Compound Interest Formula:  (compounded continuously) A = P·er·t where t is the time period in years…

Q: A newborn child receives a ​$7,000 gift toward a college education from her grandparents. How much…

A:

Q: Melanie invested $9,800 in an account paying an interest rate of 4 1/2​% compounded quarterly.…

A: Follow the procedure given below.

Q: An investor bought stock for ​$40,000. Ten years​ later, the stock was sold for ​$50,000. If…

A: Given P = 40000 A = 50000 t = 10 years We have the relationship A = Petr/100  50000 = 40000 *…

Q: An artist currently has $840,000 to invest and her goal is to use these resources to acquire a $1.5…

A: From the given information, it is observed that P = $840,000, t = 6 and A = $1,500,000. Here, the…

Q: 2. How many years will it take for an investment to double in value if it earns 5% compounded…

A: Interest compounded annually is calculated by the formulas, A=P1+r100t…

Q: How long will take it for money to quadruple itself if invested at 20% compounded quarterly? 9.5…

A: Compound Interest Formula:A=P1+rnWhere P= Initial amount           r= interest rate per period…

Q: Joshua invested $99,000 in an account paying an interest rate of 4 1/2% compounded continuously.…

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Q: The average cost of a 4-year college education is projected to be $110,000.00 in 15 years. How much…

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Q: Jon's grandfather was planning to give him $12,000 in 10 years. Jon has convinced his grandfather to…

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Q: How much money would you need to invest today at 6% interest compounded quarterly to have 5,387.43…

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Q: A newborn child receives a $20,000 gift toward a college education from her grandparents. How much…

A: Given that  A baby recives 20000 Interest rate is 7% for 17 years  To find the amount will receive…

Q: Tom deposits $25,000 in a savings deposit paying 5%, compounded monthly.  What amount would he have…

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Q: A man expects to receive P20,000.00 in 10 years. How much is that money worth now considering…

A: Given problem is : A man expects to receive P20,000.00 in 10 years. How much is that money worth…

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A: Given  A=15000 P=10000 r=9%=0.09

Q: Matthew invested $4,700 in an account paying an interest rate of 3% compounded monthly. Peyton…

A: We have to find the difference between the amount received by Matthew and Peyton.

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Q: Mr. and Mrs. Thomas hope to send their son to college in 11 years. How much money should they invest…

A: Given problem:- Mr. and Mrs. Thomas hope to send their son to college in 11 years. How much money…

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Q: How much money needs to be invested now to get​ $2000 after 4 years at​ 8% compounded​ quarterly?…

A: Let's find.

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A: To find the original amount each child receive

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Q: An employee wants to invest ​$50,000 in a pension plan. One investment offers 6​% compounded…

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Q: If you have an investment of $1000 that grows at a rate of 6%, compounded annually, how much will it…

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Q: How long did it take for an investment of $23,750 to grow to at least $27,000 at 2.25% compounded…

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Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily, find the value of the…

A: Given, The initial amount, P=$2500 Rate of interest,r=2.5% Compounded daily,n=365

Q: If $500 is invested at an interest rate of 3.75% per year, compounded quarterly, find the value of…

A: Consider the following information: PrincipalP=$500Rate of interestr=3.75⁒n=4 Compound interest…

Q: Joshua invested $99,000 in an account paying an interest rate of 4÷% compounded continuously.…

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Q: At what rate compounded monthly should be P25,000 be deposited in a bank to gain an interest of…

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Q: What annual interest rate would allow Karen to double her investment if it is compounded quarterly…

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Q: If $200 is invested at 6% compounded (A) annually, (B) quarterly, (C) monthly, what is the amount…

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Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

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Q: How much monthly deposits must be made for 8 years and 6 months in order to accumulate P250,000 at…

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Q: How long will it take for an investment to at least double its original amount if it is growing at…

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Q: d. If the same account and interest were compounded continuously, how much money would the account…

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Q: How long did it take for an investment of $25,000 to grow to at least $28,000 at 2.75% compounded…

A: Given: A = $28000 P = $25000 r = 2.75% We know the quarterly compound interest formula as A=P1+r44t.…

Q: How long will it take $2,000 to grow to $24,000 if it is invested at 5% compounded monthly? years…

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Q: A student graduates when he is 22 years old and starts saving $20.00 per month until he retires at…

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Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Given Principal = $100,000, Time, n = 20 years and Rate of interest, r = 5%. Obtain the interest…

Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.