A sum of money doubles itself in 4 years at compound interest. It will amount to 8 times itself at the same rate of interest in: (2) 12 years (3) 16 years (4) 24 vears (1) 18 years

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

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Q: An amount of $25,000 is deposited in a bank that pays interest rate of 4% year, compounded annually.…

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Q: if $300 is invested at an interest rate of 5% compounded quarterly, then the amount after 2 years is…

A: Amount , A= P(1+r/n)nt   where, P= the principle amount             r= rate of interest           t=…

Q: 5. Suppose that $4100 is invested at 2.3 % compounded quarterly. How much will be in the account…

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Q: A fund of 25000 is to be accumulated by means of deposits of 1000 at the beginning of every year as…

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Q: aman has been trying to figure out how much return will he get as compound interest if he invests…

A: To determine the returns that Naman gets on his investment.

Q: The doubling time of an investment with continuous compound interest is 12.7 years. If the…

A: Given:  Today's Investment=$20,000 Doubling Time=12.7 years Time=5 years To find: Worth of…

Q: If ​$2000 is deposited in a savings account that earns interest at an annual rate of 2.5​% interest…

A: Apply the formula directly and simplify to get the answer: A=Pert

Q: If $25,000 is invested at 9% compounded continuosly, then how long will it take for the investment…

A: Given :- Rate of Interest (R) = 9 %               Present Value (P) = $ 25000               Actual…

Q: Lena wants to buy a bond that will mature to $6000 in eight years. How much should she pay for the…

A: Use compounded continuously formula

Q: What principle will amount to $9500 if invested at 3.5% compounded semi-annually for 9 years? The…

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Q: Suppose that $7,000 is invested at 4%, compounded semiannually. How much is in the account at the…

A: Amount for compound interest:If P amount of money is invested for t years at r% rate of interest…

Q: An Investment of $10,000 yields 8% interest compounded quarterly. What will be the accumulated…

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Q: Suppose you invest $1000 at 10% interest compounded every year. a) how long will it be until your…

A: Given that, P=$1000, A=$3000 and r=0.10.

Q: Suppose that $1000 is invested  at8%, compounded quarterly.​How much is in the  account at the end…

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Q: What principle will amount to $6000 if invested at 4.5% compounded semi-annually for 19 years? The…

A: Given: A=6000r=4.5%=0.045t=19 yearsn=2 ( compounded semi-annually)

Q: Suppose you have a $2,000 savings bond that pays 6% interest annually that matures in 10 years.  How…

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Q: What amount must be invested now to have $12,000 after 3 years if money is worth 6% compounded…

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Q: The doubling time of an investment with continuous compound interest is 12.6 years. If the…

A: It is given that, double time of the investment = 12.7 years.Principle amount is $24,000.The number…

Q: How long was ₱30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

A: Given, P= 30,000 A= 50,000 r=8.25%=0.0825 n=12(compounded monthly)

Q: You are repaying a $100,000.00 loan in monthly installment of $500.00. At the same time inter added…

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Q: A debt of $43,974 is due in 4 years. If the debtor wishes to pay his creditor today at 14%…

A: If the interest is compounded, then the formula that is used is FV=PV1+rnnt. Here FV is future…

Q: The doubling time of an investment with continuous compound interest is 12.4 years. If the…

A: The doubling time of an investment with continuous compound interest is 12.4 years. If the…

Q: What sum must be deposited today at 10 % per year compound quarterly, if the goal is to have a…

A: Let S be the sum deposited . and Let A be the compound  amount i.e. A=$50,000 Now t=6 years It is…

Q: What is the total amount of money that you will have at the end of 4 years if you invest $300 for 4…

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

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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: Suppose that $2000 is invested at a rate of 4.9% , compounded annually. Assuming that no…

A: We know that ,A=P(1+r100)n Where Principal (p)=2000rate of interest (r)=4.9Number of year…

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: Suppose you have $3000 to invest. Which investment yields the greater return over 10 years: 6.5%…

A: Let's consider the given scenarios:                          When the interest is compounded…

Q: Suppose that a sum of money is invested at an annual interest rate of 4%. Determine the time, in…

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Q: If Tanisha has 1,000 to invest at 8% per annum compounded quarterly, how long will it be before…

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Q: What present value amounts to $7,000 if it is invested for 18 months at 4% simple interest?

A: Amount = $7000 Time = 18 months = 1.5 year Rate = 4% = 0.04 Interest = Amount × Time × Rate

Q: RM1,800 is invested in scheme A at 10% per annum for 2 years at simple interest while another…

A: Here we have to find out that scheme which will give profit for investor.

Q: 1) Suppose a credit card borrower has a debt of $4000 with an interest rate of 24%. Assume the…

A: Formula for the compound interest is given by,

Q: How long will it take to double an investment of 6000 Rials if invested at an interest rate of 6%…

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Q: How much interest will you have to pay for a credit card balance of $660 that is 1 month overdue, if…

A: I have stated the used formula in the solution

Q: A principal of 5500 OMR is invested for 3 years. Find the interest rate required to produce a future…

A: The given principle is 5500 OMR and the future value is 6300 OMR. The time period is 3 years and the…

Q: An investor doubled the money in his IRA during the time period 1990-1998. Assuming that he was…

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Q: a person deposited 1000 in a 2% account compounded continuously. in a second account, he deposited…

A: Explained below

Q: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

A: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

Q: An individual's salary is now $50,000 per year and he anticipates retiring in 30 more years. If his…

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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: Suppose that you have $5000 to invest. Which investment yields the greater return over 5 years: 5.5%…

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Q: suppose you invest $6000. Which investment yields the greater return over 4 years 8.25% compounded…

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Q: if john invests $10,000 in an account that pays annual interest of 4% compounded continuously, then…

A: SOLUTION-

Q: 1. If you start with $3,500 to invest into anime that pays 5.3% compound continuously after 10…

A: Formula for calculating compound interest continuously : Amount  = Pert P =principal r = rate of…