Angel invests in a continuously compounded account at 2.6% interest for 12 years. At the end of those 12 years, she hopes to have $7500 in her account. How much should her initial investment be to achieve this goal?

Q: Joanna deposited $ 3500.00 in an account that pays 4% annual interest, how long does it take to…

A: Use the formula as A=P1+r100t where, A=AmountP=Principalr=ratet=time

Q: How many years are required for P20,000 to increase to P30,000 if invested at 16% per year…

A:

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 will it take for the amount in the account to reach $12,000?

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Q: How long will it take an investment of $4000 to grow to $10000 if it is invested in an account that…

A: Topic = Algebra   A=P1+rnntA=Final amountP=Principalr=rate of interestn=1 for anuallyt=time

Q: Barbara knows that she will need to buy a new car in 4 years. The car will cost $15,000 by then. How…

A: Given that t=time=4 yearsr=interest rate=2%=0.02A=annuity=$15000n=number of times compounded in a…

Q: Find the interest rate needed for an investment of $4000 to quadruple in 12 years if interest is…

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

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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: The average cost of a 4-year college education is projected to be $120,000.00 in 18 years. How much…

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Q: How many months will it take for a $4000 to grow into $5600 if money can earn 6% p.a. compounded…

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

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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: 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: How long will it take $5,000 to grow to $20,000 if it is invested at 7% compounded monthly? _____…

A: We know the formula for compound interest, A = P1 + rnnt Where,  A = Final amount.              P =…

Q: $1000 is invested at 6% compounded yearly. According to the rule of 72, how many years will it take…

A: We can find the required time period as below.

Q: 6000 dollars is invested in a bank account at an interest rate of 8 percent per year, compounded…

A: NOTE: Refresh your page if you can't see any equations. . for continuous compound, use the formula…

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

A: Consider the principal is "p". Then the amount is given as A=2P. The time is t=3 years. The…

Q: Fiona plans on buying a new car worth $10000 in 6 years. To do so, she makes monthly deposits (of…

A: Given data fiona plans on buying a new car worth $10000 in 6 years and she deposits monthly in an…

Q: Hannah invested $540 in an account paying an interest rate of 4.7% compounded continuously. Assuming…

A: Given the interest is compounded continuously

Q: A sum of money doubles itself at compound interest in 15 years. In how many years will it become…

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Q: 6000 dollars is invested in a bank account at an interest rate of 6 percent per year, compounded…

A: $6000 is invested in a bank account at an interest rate of 6% which is compounded continuously for t…

Q: If Hannah places $ 5500 into an account earning 6% interest compounded continuously, how much will…

A:

Q: How long will it take $5000 to double if it is invested at 20% compounded quarterly?

A:

Q: Jerome will be buying a used car for ​$9,000 in 3 years. How much money should he ask his parents…

A: Use compound interest formula.

Q: How much will you get out from 1000 that grows at 9% compounded monthly at the end of 17 years?

A:

Q: If money is worth 7% compounded continuously, find the equated time for paying a loan of P 200,050…

A: Given: Rate of interest, r = 7% Loan amount due in 2 years, A1 = P200,050 Loan amount due in 4…

Q: Sarah is going to invest $280 and leave it in an account for 9 years. Assuming the interest is…

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Q: Sophie invested $170 in an account paying an interest rate of 2-% compounded continuously. Wyatt…

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Q: Elizabeth is going to invest $480 and leave it in an account for 8 years. Assuming the interest is…

A:

Q: Hannah wants to have $ 7500 to help pay for a new deck in 10 years. If she wants to put her money…

A: Given Future value =7500 r= 0.085 t=10 years

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

A:

Q: If you invest $6300 per year in a stock that grows at rate of 9% per year, how much will your stock…

A: We have to find the worth after 13 years.

Q: Barbara knows that she will need to buy a new car in 6 years. The car will cost​ $15,000 by then.…

A:

Q: The average cost of a 4-year college education is projected to be $410,000 in 15 years. How much…

A: Calculation:From the given, A = $410,000,  r = 7% and t = 15 years and n = 4.Compute the principal…

Q: P30,000 is invested for a period of 3 years at a rate of 6%, compounded 2 times per year. What will…

A: Given query is to find the amount after 3 years.

Q: Carter is going to invest $79,000 and leave it in an account for 12 years. Assuming the interest is…

A: Simply use the formula for compound interest.

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: Diego deposited a certain sum of money in a bank 2 years ago. If the bank had been paying interest…

A: For the following problem,

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

A:

Q: Nancy wants to invest $4000 in saving certificates that bear an interest rate of 9.75% per year,…

A: Given: Nancy wants to invest $4000 in saving certificates that bear an invest rateof 9.75% per year,…

Q: A $1000 investment earns interest at a rate of 4.2% per annum, compounded monthly. Another…

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Q: Francis wants to have 22000 in 10 years calculate how much he should invest now at 8% interest…

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Q: We invested $15000 in a project that returns 12% interest compounded annually (yearly). How much…

A: the formula used here, A=p(1+r100)t compund interest(CI)=A-p where, A=amount p=principal invested…

Q: How long does it take $2000 to double if it is invested at 4.25% interest, compounded continually?

A:

Q: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

A: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

Q: How long will it take $3000 to grow to $4800 if it is invested at a 6.2% interest rate compounded…

A: To find time we use formula: In the Given problem A=$4800P=$3000r=6.2%n=12

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

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Q: Joshua is going to invest $490 and leave it in an account for 5 years. Assuming the interest is…

A: Solution:-