Question 40 Chanda wants to invesnt 6900 dollars in an investment account with APR 10.6% compounded 5 times per year. 1. Suppose A(t) is the amount in Chanda's investment account after t years. Then A(t) = %3D 2. How long will it take to double the initial investment? Your answer should be given as the smallest year greater than or equal to the actual time. 3. How long will it take for the account to be 6 times the initial investment? Your answer should be given as the smallest year greater than or equal to the actual time. Submit Question

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

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Q: Suppose $19,000 is invested in an account with an APR of 5.1%. a. If the interest is compounded…

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A: This question is related to compound interest.

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