Assume that $165 is invested into an account earning interest at a 7.2% annual rate, compounded continuously. What is the value of the account after 7 years? Round your answer to 2 decimal places.

Q: Compute the compound interest. 7) How long will it take for $600 to grow to $26,600 at an interest…

A: for the continuous compound, the formula is  A=Pert A=26600 P=600 r=6.2%=0.062

Q: Suppose that a savings account is compounded continuously at a rate of 8% per annum. After three…

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Q: Assume that there are no deposits or withdrawals An initial investment of $6,000 earns 8.7%…

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Q: Aaliyah invested $350 in an account paying an interest rate of 4% compounded continuously. Assuming…

A: Solving the problem by finding the value after 20 years.

Q: Shemp has inherited $50,000 from a recently deceased long-lost aunt. He invests his newfound money…

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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: Find the time it takes for $6,400 to double when invested at an annual interest rate of 4%,…

A: Given: sum, P=$6,400 r=4%=4100=0.04 We have to find time in which given sum becomes double. So,…

Q: Suppose £5000 is invested for five years. Calculate the amount accumulated at the end of five years…

A: given, Invested amount (P)=5000 Time period (t)= 5 years and the interest is compounded contiuously…

Q: Find the time it takes for $6,700 to double when invested at an annual interest rate of 5%,…

A: (a) Given - Original amount=$6,700 Interest rate=5% , compounded continuously. To find - The time…

Q: Assume that there are no deposits or withdrawals. An initial investment of $4,000 earns 7% interest,…

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Q: Taylor invested $11,000 in an account paying an interest rate of 3.5% compounded continuously.…

A: We will find out the required value.

Q: Complete the table for a savings account in which interest is compounded continuously. (Round your…

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Q: If $900 is deposited in an account paying 9 % annual interest, compounded continuously, how long…

A: We can find the time as below.

Q: How long will it take an investment to double in value if a 9% continuously compounded interest rate…

A: Let investment = P  If amount double, A = 2P  Interest rate, r = 9% 9100=0.09 Using formula for…

Q: An account now contains $3,670 and has been accumulating interest at 5% annual interest, compounded…

A: We have to find the amount in the account 5 years ago.

Q: If 7000 dollars is invested in a bank account at an interest rate of 5 per cent per year, compounded…

A: Given that, the initial amount is P=7000 interest rate is r=5%, compounding period is p=1 and final…

Q: How much money must be deposited today to become $1800 in 50 years at 7.5% compounded continuously?

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Q: If money is invested in an account earning 3.15% annual interest that is compounded continuously,…

A: Apply the compounded continuously formula, FV=Pert When future value (FV) gets double from the…

Q: Find the present value of $57,000 due 15 years later at 8%, compounded continuously.

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Q: Find the amount A in dollars of $3000 invested for 30 years at 12% compounded continuously (round to…

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Q: Eli invested $9,400 in an account paying an interest rate of 2.3% compounded continuously. Assuming…

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Q: Find the amount that results from each investment. $400 invested at 7% compounded continuously after…

A: To find the amount that results from investment $400 at 7% continuously after a period of 3 years.…

Q: How long will it take for $1,000 to be worth $2,500 at 5% interest, if compounded continuously?…

A: Given:  P=$1000A=$2500r=5%=0.05

Q: Suppose your savings account balance is currently $50014 in an account paying 5% annual interest…

A: your savings account balance is currently $50014 in an account paying 5% annual interest…

Q: How long will it take for the value of an account to be $890 if $350 is deposited at 11% interest…

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Q: Find the time it takes for $8,300 to double when invested at an annual interest rate of 11%,…

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

Q: If $8000 is invested at 5% compounded continuously, what is the amount after 3 years? The amount…

A: According to the given information, it is required to calculate the amount after 3 years.…

Q: circle the final answer and read the question carefully.

A: Consider the given question,Given, Principle (P) = $17,000Rate of interest (r) = 5.4%Time (t) = 5…

Q: Joseph invested $16,000 in an account paying an interest rate of 5.7% compounded continuously.…

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Q: If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long…

A: We know that, the formula for continuous compounding is given by A=Pert            ⋯⋯1 Where, P =…

Q: Say you have placed 10,000 pesos in your bank account that pays 4% interest, compounded…

A: The continuous compounding formula is, A = Pert  where, P is the initial amount A is the final…

Q: "Find the amount that results from each investment;$1000 invested at 11% compounded continuously…

A: Compounding can be done several times a year for example compounded quarterly the amount is…

Q: suppose $5000 is invested in an account at an annual interest rate of 3.7% compounded continuously.…

A: To determine the taken by an investment of $ 5000 to double.

Q: Find the time it takes for $5,300 to double when invested at an annual interest rate of 9%,…

A: Solution:

Q: find the amount of money you will have atter 20 years if you inrest $25,000 at a rate of 12% If…

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Q: Assume that $106 is invested into an account earning interest at a 3.6% annual rate, compounded…

A: The compounded interest continuously on an amount is obtained as  P(t)=P0ert Where,  P(t)=Accrued…

Q: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

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Q: Assume that there are no deposits or withdrawals. An initial investment of $2,000 earns 7% interest,…

A: The formula for continuous compound interest is given as A=Pert, where, A= Amount at time t P=…

Q: A speed boat bought for $13,000 depreciates at 10% per annum compounded continuously. What is its…

A: A=PertP is the amount investedA is the amount after t yearsr is the rate

Q: If 10,200 accumulates interest at an annual rate of 9% , compounded continuously, how much will be…

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Q: If $8000 is invested at 6% compounded continuously, what is the amount after 2 years? The amount…

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Q: If ​$7000 is invested at 5​% compounded​ continuously, what is the amount after 7 ​years? round…

A: Given, Initial amount=$7000 Rate of interest=5%=0.05 Period=7years

Q: If 2000 dollars is invested in a bank account at an interest rate of 9 per cent per year, compounded…

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Q: What is the value of a $500 investment which earns continuous compound interest of 1% annually for…

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Q: Aaron invested $7,500 in an account paying an interest rate of 1.5% compounded continuously.…

A: Continuous compounding formula: - When it is specifically stated in a problem that the amount is…

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

A: NOTE** As per bartleby guidelines for more than one question asked only first is to be answered…

Q: Starting at age 30, you deposit $2000 a year into an IRA account for re stream. If money in the…

A: Given that Starting at age 30, you deposit $2000 a year into an IRA account for retirement. Treat…

Q: Lucy invested $30,000 in an account paying an interest rate of 6.6% compounded continuously.…

A: given that principle amount invested is p=$30000rule of interest, r=6.6%=0.066time period, t=9 years

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

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Q: How much money must be deposited today to become $2450 in 60 years at 6.5% compounded continuously?

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