A 55-year-old places a continuous stream of $10,000 per year into a retirement account which has a continuously compounding interest rate of 1.6%. What will be the value of this continuous stream when this person retires at age 65?Round your answer to the nearest integer. Do not include a dollar sign or commas in your answer.

Q: Abigail wants to save $15,000 to buy a car in 7 years. If she deposits $10,000 into an account that…

A: Topic- compund intrest

Q: How much money should be deposited today in an account that earns 5% compounded semiannually so that…

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Q: If the bank advertises it's rate as 6.2% compounded monthly and another bank advertises it's rate as…

A:

Q: What is the value of a $200 investment which earns continuous compound interest of 2.5% annually for…

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Q: Suppose you as a businessman leave an initial amount of 600$ in savings account at an annual rate of…

A: Simply use the formula of the Compound interest.

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A: The options for expression are not given here. Given : There is a continuous stream of a payment…

Q: In 1626, Peter Minuit convinced the Wappinger Indians to sell him Manhattan Island for $24. If the…

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Q: A local bank advertises that an account at 9.5% interest yields 9.64% annually. How often is the…

A: Let's solve compound intersect sum.

Q: Suppose you deposit $800 in an account that pays 4.25% annual interest compounded quarterly for five…

A: A=New balance=? P=Amount invested=$800 r=Rate=4.25%=0.0425 t=Time=5 years n=Number of times it is…

Q: Which is better, an account paying 3.7% Interest compounded continuously or an account paying 3.75%…

A:

Q: A 25-year-old places a continuous stream of $4,000 per year into a retirement account which has a…

A: Given that a 25-year-old places a continuous stream of $4,000 per year into a retirement account…

Q: How much money should be deposited today in an account that earns 3% compounded semiannually so that…

A: A=P1+rnntwhere   A = Final amount P= deposited amount r= interest rate n= no. of ompounding period

Q: The........................................ is the equivalent annual simple interest rate that would…

A: Solution:GivenThe........................................ is the equivalent annual simple interest…

Q: Upon the birth of their first child, a couple deposited $5000 in an account that pays 8% interest…

A:

Q: an investment of $7740 grows to $9635 in 6 years at continuously compounded interest, what is the…

A:

Q: The Armstrongs wish to establish a custodial account to finance their children's education. If they…

A: Given: The Armstrongs wish to establish a custodial account to finance their children's education.…

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

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: Jim places $1000 in a bank account that pays 5.6% interest compounded continuously. After 1 year,…

A:

Q: Leigh Jacks plans to invest $500 into a money market account. Find the interest rate that is needed…

A: By using the formula                  A=P1+rmmt Where          P= $500A=$1200t=14

Q: On the day a grandchild is born, a grandparent deposits $2000 in a fund earning 7.5% interest,…

A:

Q: In 19 years, Anthony Oaks is to receive $300,000 under the terms of a trust established by his…

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Q: Find the amount that results from the given investment. $300 after 3 years invested at 9% compounded…

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Q: If you borrow $2,500 at 7% interest, what is the amount that you will owe in five years if…

A:

Q: A family has $16,000 saved for college tuition. They will need $64,000 for college expenses fifteen…

A:

Q: What interest rate, to the nearest tenth of a percent, is required for an investment subject to…

A: we have to use the formula for compound interest to find interest rate, to the nearest tenth of a…

Q: What interest will be earned if $6600 is invested for 2 years at 10% compounded monthly?

A: Given: The principal amount is $6600. The time duration is 2 years. The rate of interest is 10%…

Q: Find the amount of a continuous money flow in which $200 per year is being invested at 7.5%,…

A: To find the amount after 25 years

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A:

Q: If ​$5000is deposited in a savings account that earns interest at an annual rate of 7.5​%interest…

A: *to find:- Compounded amount after 2 years.

Q: no given value so i was thinking of doing 1000? =3p a little confused

A: Take the present value as P, so the future value will become 3P. A(t) = P[1+r/n]nt P= present value…

Q: what rate of interest compounded annually is required to double an investment in 3 years?

A:

Q: How much money should be deposited today in an account that earns 3% compounded semiannually so that…

A:

Q: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be…

A:

Q: Determine how much time is requiredfor an investment to double in value if interest is earned at…

A: for monthly compounding: 2 = (1 + .0625/12)^(12t) ln 2 = ln[(1 + .0625/12)^(12t)] ln 2 = 12t ln (1 +…

Q: A 25-year-old places a continuous stream of $4,000 per year into a retirement account which has a…

A: We have P=$4,000   r =1.5%=1.5100=0.015t=65-25 =40 yrsn=1stream at 65 years  is…

Q: If the bank advertises its rate as 6.2% compounded monthly, and another bank advertises its rate as…

A: Given: One bank advertises its rate as 6.2% compounded monthly and another bank advertises its rate…

Q: How long would iR take to double your money in an account paying 8% compounded quarterly? Ignoring…

A: Consider the Principal be "S" The amount is given by "2S". The rate of interest is 8% per annum.…

Q: Should t be 20, because it is compounding interest and the number of compounding periods per year…

A: We are answered according to the original question.

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

A:

Q: Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded…

A: Given $8000.00 was invested in a savings account that paid 2.5% interest compounded quarterly.We…

Q: A bank offers 8% interest rate compounded quarterly. How long will it take for an amount of money…

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Q: What will a $90,000 house cost 4 years from now if the price appreciation for homes over that period…

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Q: An investor doubled the money in his IRA during the time period 1990-1999. Assuming that he was…

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Q: A 35-year-old places a continuous stream of $5,000 per year into a retirement account which has a…

A:

Q: Determine how much time is required for an investment to double in value if interest is earned at…

A: Given:Determine how much time is required for an investment to double in value if interest is earned…

Q: Ben franklin bequeathed $4000.00 to the city of Boston in 1790. Assuming the fund grew to $15…

A:

Q: In the future, it is estimated that university will cost $200,000 per student. How much would have…

A:

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.