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(a) If $2000 is invested at 5% interest, find the value of the investment at the end of four years if the interest is compounded as follows. (Round your answers to two decimal places.) (i) annually 2$ (ii) quarterly (iii) monthly $4 (iv) weekly $ (v) daily 24 (vi) continuously $4 (b) If the interest is compounded quarterly, how long will it take for the balance to double? (Round your answer to two decimal places.) years (c) How long will it take for the value of the investment to double if interest is compounded continuously? (Round your answer to two decimal places.) years

(a) If $2000 is invested at 5% interest, find the value of the investment at the end of four years if the interest is compounded as follows. (Round your answers to two decimal places.) (i) annually 2$ (ii) quarterly (iii) monthly $4 (iv) weekly $ (v) daily 24 (vi) continuously $4 (b) If the interest is compounded quarterly, how long will it take for the balance to double? (Round your answer to two decimal places.) years (c) How long will it take for the value of the investment to double if interest is compounded continuously? (Round your answer to two decimal places.) years

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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Ch3.6 can you help me with this? I don’t understand it at all. The more detail you can give me the better. Thank you so much. I understand if you can show me all of them, but if you can maybe do one from part A to get me started and then do B and C that would be amazing. Thank you!
(a) If $2000 is invested at 5% interest, find the value of the investment at the end of four years if the interest is compounded as follows. (Round your answers to two decimal places.) (i) annually $4 (ii) quarterly (iii) monthly $4 (iv) weekly (v) daily $4 (vi) continuously 2$ (b) If the interest is compounded quarterly, how long will it take for the balance to double? (Round your answer to two decimal places.) years (c) How long will it take for the value of the investment to double if interest is compounded continuously? (Round your answer to two decimal places.) years
Transcribed Image Text:(a) If $2000 is invested at 5% interest, find the value of the investment at the end of four years if the interest is compounded as follows. (Round your answers to two decimal places.) (i) annually $4 (ii) quarterly (iii) monthly $4 (iv) weekly (v) daily $4 (vi) continuously 2$ (b) If the interest is compounded quarterly, how long will it take for the balance to double? (Round your answer to two decimal places.) years (c) How long will it take for the value of the investment to double if interest is compounded continuously? (Round your answer to two decimal places.) years
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