A woman invests $6200 in an account that pays 6% interest per year, compounded continuously. (a) What is the amount after 2 years? (Round your answer to the nearest cent.) (b) How long will it take for the amount to be $10,000? (Round your answer to two decimal places.) yr

Q: A woman invests $5800 in an account that pays 6% interest per year, compounded continuously. (a)…

A: Given principal (P)=$5800 interest rate=6%=0.06 to find the amount at time in (a) and (b)

Q: How much money needs to be deposited now into an account to obtain $8,000 in 14 years if the…

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Q: If you need $40,000 in your bank account in 8 years, how much must be deposited now? The interest…

A: For compounded continuously P=P0ert where, P0= initial depositr=interest rate=12%=0.12t=time…

Q: Tim plans to invest money into an account that earns 4.5% and is compounded continuously. How much…

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Q: An amount of $12,000 is deposited into an account with annual interest rate of 3.5 % compounded…

A: Principal amount = P = 12000 Interest = r= 3.5% = 0.035 Final amount = A= 12000(2)= 24000 time=t=?

Q: Consider an investment where $47,000 is invested for 15 years at 6% compounded continuously. How…

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Q: Consider an investment where $46,000 is invested for 10 years at 8% compounded continuously. How…

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Q: Consider an investment where $49,000 is invested for 10 years at 6% compounded continuously. How…

A: topic - compound interest

Q: compounded

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Q: A bank offers 12% compounded continuously. How soon will a deposit do the following? (Round your…

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Q: Consider an investment where $47,000 is invested for 15 years at 6% compounded continuously. How…

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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: How much money must you invest now at 4.4% interest compounded continuously in order to have $10,000…

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Q: An investment of $41,800 earns 5.1% annual interest, compounded continuously. If no funds are added…

A: The principal amount = P = $41800 Rate = r = 5.1% compounded continuously Time = t = 20 years

Q: How much money should be invested in an account that earns 9% interest, compounded monthly, in order…

A:

Q: A woman invests $5900 in an account that pays 6% interest per year, compounded continuously. (a)…

A: Hey, since there are multiple questions posted, we will answer first question. If you want any…

Q: How much money must you invest now at 4.4% interest compounded continuously in order to have $10,000…

A: Use formula to calculate

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 long will it take for $3,200 to double if it is invested at 6% annual interest compounded 12…

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Q: How much money must you invest now at 4.6% interest compounded continuously in order to have $10,000…

A: at 4.6% interest compounded continuously in order to have $10,000 at end of 5 years.

Q: How much money must be deposited today to become $2500 in 30 years at 6.5% compounded continuously?…

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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: How long will it take an investment of $4000 to double if the investment earns interest at the rate…

A: We will find how long will it take an investment to double as following.

Q: How long will it take for an investment of $9,000 to triple if the investment earns interest at the…

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Q: What is the compound interest if $43,000 is invested for 5 years at 6% compounded continuously?

A: To find the final value of an investment use this compound interestformula:Investment Value = P x (…

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

A: TO FIND: How much money should they invest now at an interest rate of 9% per year, compounded…

Q: What is the compound interest if $460 is invested for 14 years at 6% compounded continuously? (Round…

A: Let the final amount= A Given that principal amount = P= 460 Time=t=14 years interest = r= 6%=0.06

Q: Suppose that you invest $3,000 at 4% interest compounded continuously. How much money will be in…

A: The principal amount is, P = $3000 The rate of interest, r = 4% = 0.04 Time, t = 9 years To…

Q: How long (in years) will it take $4,000 to grow to $6,000 if the investment earns interest at the…

A: Given, Initial Value P=$4000 Future Value A=$6000 Rate of interest r=3%=0.03 compounded monthly Time…

Q: If $2500 is invested at an interest rate of 5.5% per year, compounded continuously, find the value…

A: Solution Given If $2500 is invested at an interest rate of 5.5% per year, compounded continuously,…

Q: An investment grows at 24% compounded monthly. How many years will it take to do the following?…

A: Consider the given information:

Q: Find the time it takes for $6,600 to double when invested at an annual interest rate of 10%,…

A: Given, Principal = p = $ 6600 Amount = A = 2p = $ 13200  Rate of interest = r = 10% compounded…

Q: In the formula A(t) = Pe for continuously compound interest, the letters P, r, and t stand for…

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Q: How long will it take $10,000 to grow to $12,000 if the investment earns interest at the rate of…

A: We have to find how many years will it take  $10,000 to grow to $12,000 if the investment earns…

Q: How long will it take $12,000 to grow to $15,000 if the investment earns interest at the rate of…

A: Given :          $12,000 to grow to $15,000 the investment earns interest at the rate of 4%/year…

Q: How much money should be invested in an account that earns 9% interest, compounded monthly, in order…

A: The compound interest formula is given as:

Q: How long will it take $7,000 to double if it is invested at an annual rate of 6% compounded…

A: To find the time to double initial amount of $ 7000

Q: Find the time it takes for $5,200 to double when invested at an annual interest rate of 2%,…

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Q: Evan is going to invest in an account paying an interest rate of 6.1% compounded continuously. How…

A: Evan is going to invest in an account paying an interest rate of 6.1% compounded continuously. How…

Q: What is the compound interest if $45,000 is invested for 10 years at 6% compounded continuously?…

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Q: How much money should be invested in an account that earns 9% interest, compounded monthly, in order…

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Q: An account contains $2,000 and has been earning 9% interest, compounded continuously. How much will…

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Q: How long will it take for an investment of $4,000 to double if the investment earns interest at the…

A: Given that the investment is $4000. We need to find when would the investment would get doubled if…

Q: What is the compound interest if $46,000 is invested for 10 years at 8% compounded continuously?…

A: Amount in continuous compound interest: where,

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: An investment grows at 24% compounded monthly. How many years will it take to do the following?…

A:

Q: Suppose that you invest $8,000 at 8% interest compounded continuously. How much money will be in…

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Q: Consider an investment where $43,000 is invested for 15 years at 6% compounded continuously. How…

A: Since you have asked multiple question, we will solve the first question for you.  If you want any…

Q: How long will it take an investment of $3,400 at an interest rate of 4% per year compounded…

A: Given,       P = $3400  ( initial investment/ principal)       I = 4% = 0.04 ( interest rate)      A…

Q: At what interest rate compounded continuously must money be invested to double in 9 years? A rate of…

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