f $150, 000 is invested at a rate of 3.25% per year compounded continuously, find value of the investment at each given time nt and round to the nearest cent. Use either A = P(1+ - )“ or A = Pe". а) after 1 month, A = $

f $150, 000 is invested at a rate of 3.25% per year compounded continuously, find value of the investment at each given time nt and round to the nearest cent. Use either A = P(1+ - )“ or A = Pe". а) after 1 month, A = $

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Exponential And Logarithmic Functions

Section11.2: Applications Of Exponential Functions

Problem 29PS: What rate of interest to the nearest hundredth of percent is needed so that an investment of 2500...

See similar textbooks

Related questions

Q: Find the future value of investment of 5000 at a 5% interest rate for 5 years if it is compounded…

A: We have the direct formula compound interest.

Q: Find the missing values assuming continuously compounded interest. (Round your answers to two…

A: Given the data Initial investment P=$1250Annual interest rate r=7.5%

Q: $8,000 is invested in an account earning 8.7% interest (APR), compounded continuously. Write a…

Q: Find the missing values assuming continuously compounded interest. (Round your answers to two…

Q: What is the compound interest if $176,000 is invested for 6 years at 8% compounded continuously. The…

Q: Find the compound amount if $12,104 is invested at 6.2% compounded continuously for period 3 years

A: The formula used: A=Pert

Q: An investment of 50,000 php was made in bank that offers 0.5% interest compounded continuously.…

Q: Find the missing values assuming continuously compounded interest. (Round your answers to two…

A: This question can be solved using the concept of compound interest.

Q: The interest on a bank savings account is compounded continuously, with an annual int determine the…

A: P=7000r=6%=0.06t=6To find A

Q: Find the missing values assuming continuously compounded interest. (Round your answers to two…

Q: A $97 deposit is made into an account which is compounded continuously at 10.45% annual. Find the…

Q: Find the missing values assuming continuously compounded interest. (Round your answers to two…

Q: $1,000 is invested in an account earning 6.7% interest (APR), compounded continuously. Write a…

Q: A bank offers 5% interest compounded continuously in a savings account. Determine (a) the amount of…

A: Since you have asked multiple question, we will solve the first question for you as per our guide…

Q: $7, 400 is invested in an account earning 8% interest (APR), compounded continuously. Write a…

A: total invest $7400 with 8% rate of interest for t years Compound interest? Total annual growth…

Q: Find the present value of $1000 payable at the end of 3 years, if money may be invested at 8% with…

Q: On the day of a child's birth, a parent deposits $30,000 in a trust fund that pays 4% interest,…

A: it is given that, a parent deposits $30,000 in a trust fund that pays 4% interest, compounded…

Q: Find the value of an investment of 20,000 for 12 years at an annual interest rate of 4.95%…

A: Obtain the value of an investment of 20,000 for 12 years at an annual interest rate of 4.95%…

Q: A person invests $465 in an account that earns 2.8% annual interest compounded continuously. Find…

A: Amount after t years when compounded continuously : where,

Q: Find the missing values assuming continuously compounded interest. (Round your answers to two…

Q: Find the compound amount if $12,104 is invested at 6.2% compounded continuously for each period.2…

A: Given: P=12,104 dollarsr=0.062t=2 years

Q: Find the missing values assuming continuously compounded interest. (Round your answers to two…

A: P=$500, t=10 & A=1505. Now,…

Q: Find the compound amount if $12,104 is invested at 6.2% compounded continuously for period 4 years.

A: Given : Invest amount ( P ) = $ 12,104 . Interest rate ( r) = 6.2 % Period ( t) = 4 years

Q: On the day of a child's birth, a deposit of $35,000 is made in a trust fund that pays 3% interest,…

Q: In the middle of the twentieth century, prehistoric cave paintings of animals were found in a cave.…

A: The paintings are 15149 years old.

Q: Time Required to Reach a Goal How many years will ittake for an initial investment of $25,000 to…

A: The interest formula for compounded continuously is: A=Pert Where, A is the future amount or…

Q: On the day of a child's birth, a parent deposits $30,000 in a trust fund that pays 5% interest,…

A: To find the balance in this account on the child's 24th birthday when compounded continuously

Q: A person places Php100,000 in a savings account which pays 3 percent interest per annum, compounded…

A: 2. Given that, A person places Php 100,000 in a savings account which pays 3 percent interest per…

Q: Suppose that P dollars in principal is inves account earning 2.1% interest compounded continuously.…

A: A=Pert t is time P is principal amount that invested initially A is amount after time t r is rate of…

Q: An initial amount of $2200 is invested in an account at an interest rate of 3% per year, compounded…

A: Given, Principal = P = $ 2200 rate of interest = 3 % per year time = t = 2 years Amount = A = ?

Q: what is the compound interest if $ 43,000 is invested for 15 years at 8% compounded continuously

Q: A quantity with an initial value of 8200 grows continuously at a rate of o.55% per decade. What is…

Q: A bank offers 59% interest compounded continuously in a savings account. Determine (a) the amount of…

A: We will use continuous compounding and compounding annually formulas to evaluate the given two…

Q: An initial amount of $1400 is invested in an account at an interest rate of 4.5% per year,…

Q: Khloe invested $160 in an account paying an interest rate of 5.7% compounded continuously. Assuming…

Q: You deposit $6200 in an account that pays 1.76% annual intrest. Find the balance after 10 years…

Q: An initial amount of $2300 is invested in an account at an interest rate of 1% per year, compounded…

A: Initial amount (P) = $2300 Interest rate (r) = 1% per year = 0.01 per year

Q: An artifact is discovered at a certain site. If it has 52% of the carbon-14 it originally contained,…

A: Topic:- exponential decaying function

Q: What is the present value of the firm’s revenue stream given that the time path for a firm’s revenue…

Q: Find the effective rate of interest for 3% compounded continuously.

A: Please see the explanation below

Q: find the doubling time of an in

Q: Assume that $10000 is invested at an interest rate of 5% per year compounded continuously. (a) What…

Q: find the present value of $10000 at the end of 25 years if money can be invested at 12% with…

A: We will use the compound interest formula to find the present value

Q: An initial amount of $2200 is invested in an account at an interest rate of 7% per year, compounded…

Q: What interest rate (compounded continuously) is earned by an investment that triples in 6 years? A…

Q: Find the missing values assuming continuously compounded interest. (Round your answers to two…

A: We will use the formula for compound interest.

Q: 3. Find the accumulated amount after 3 years if $2000 is invested at 6.5% per year compounded (a)…

Question

If $150, 000 is invested at a rate of 3.25%
per year compounded continuously, find value of the investment at each given time
nt
and round to the nearest cent. Use either A = P(1+ 2)
n
or A = Pe".
(a) after 1 month, A = $

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1 Given

VIEW

Step 2 find value of investment

VIEW

Step by step

Solved in 2 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

$Transcendental Expression$

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, algebra and related others by exploring similar questions and additional content below.