Find the time required for an investment of 3,000 dollars to grow to 15,000 dollars at an interest rate of 8% per year, compounded monthly. Give your answer accurate to 2 decimal places. years.

Q: Find the time required for an investment of 5000 dollars to grow to 8600 dollars at an interest rate…

A: Given information:- Find the time required for an investment of 5000 dollars to grow to 8600 dollars…

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 required for an investment of $ 5000 to grow to $ 6000 at an interest rate of 7.5…

A: We will solve the problem

Q: Find the time required for an investment of 5000 dollars to grow to 7400 dollars at an interest rate…

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Q: Find the time required for an investment of 5000 dollars to grow to 6600 dollars at an interest rate…

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Q: Find the time required for an investment of 5000 dollars to grow to 6100 dollars at an interest rate…

A: The compound interest formula is given as where P is the principal amount, r is the rate of interest…

Q: Find the interest rate needed for an investment of $7000 to grow to an amount of $9500 in 2 years if…

A: Given P=$7000A=$9500n=2 yearsfor  compounded monthly this fformula will applyA=P(1+R12x100)12xn

Q: compounded quarterly.

A:

Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

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Q: How long will it take $4000 to grow to $8500 if the investment earns interest at the rate of 11%…

A:

Q: How long will it take an investment of $4000 to double if the investment earns interest at the rate…

A: We will find how long will it take an investment to double as following.

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: Find the time required for an investment of 5000 dollars to grow to 7700 dollars at an interest rate…

A:

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

A:

Q: How long will it take an investment to double in value if a 5% continuously compounded interest rate…

A: Rate=5%

Q: In 17 years, Selena Willow is to receive $300,000 under the terms of a trust established by her…

A: Recall that the compounded continuous formula:A=Pertwhere A= Accumulated amount, P=present value,…

Q: Find the interest rate r needed for an investment of $4000 to grow to $28,000 in 6 years if interest…

A: We will use future value formula to find interest rate

Q: Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate…

A: t = 2.5 years

Q: Find the time required for an investment of 5000 dollars to grow to 8300 dollars at an interest rate…

A:

Q: How long will it take $10,000 to grow to $12,000 if the investment earns interest at the rate of…

A: We have to find how many years will it take  $10,000 to grow to $12,000 if the investment earns…

Q: Find the time required for an investment of 5000 dollars to grow to 7600 dollars at an interest rate…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 8100 dollars at an interest rate…

A: Given that the investment value =5000final value =8100interest rate =7.5 per yearcompounded…

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

A:

Q: alculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 7800 dollars at an interest rate…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 7700 dollars at an interest rate…

A: Find the time required for an investment of​ 5000 dollar to grow to​ 7700 dollar at an annual…

Q: Find the time required for an investment of 5000 dollars to grow to 8900 dollars at an interest rate…

A: Solved below

Q: Find the time it takes for $790,000 to double when invested at an annual interest rate of 19%,…

A: Solution-

Q: Find the time required for an investment of $ 5000 to grow to $ 8700 at an interest rate of 7.5…

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Q: Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate…

A:

Q: Find the time required for an investment of $7000 to grow to $10000 at an interest rate of 5.5% per…

A:

Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

A: principal amount P = $ 6500 interest rate r = 13%  weekly

Q: Find the interest rate needed for an investment of $7,000 to quadruple in 7 years if interest is…

A:

Q: How much is in an account after 10 years if $1000 is invested at an interest rate of 2.4%/year…

A: (a)Given:

Q: Find the time required for an investment of 5000 dollars to grow to 7200 dollars at an interest rate…

A: SOLUTION-

Q: If you invest $8,600 in an account paying 8.4% annual interest rate, compounded continuously, how…

A:

Q: Find the time required for an investment of $ 5000 to grow to $ 7800 at an interest rate of 7.5…

A: Use the formula for compound interest and substitute the given values than solve for time t.

Q: Find the time required for an investment of 5000 dollars to grow to 8300 dollars at an interest rate…

A: We have to check

Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

A: Initial investment (D) = $5000 Total amount (A)=$6300 Rate of interest ® =7.5% =75/100 =0.075 Since…

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

A:

Q: Find the time required for an investment of 3,000 dollars to grow to 14,000 dollars at an interest…

A:

Q: find the interest rate needed for an investment of $5000 to grow to an amount of $7000 in 9 years if…

A:

Q: Find the time required for an investment of 5000 dollars to grow to 6700 dollars at an interest rate…

A: Given: investment amountP=$5000, rate of interestr=7.5% per year compounded quarterly and amountA…

Q: How long (in years and months) will it take for an investment to double at 3% compounded monthly?

A: If you like the solution then please give it a thumbs up.. The Answer is:     Result = 23.45  It…

Q: Find the time required for an investment of 6,000 dollars to grow to 10,000 dollars at an interest…

A: In the given problem we have to find the time required for an investment of 6,000 dollars to grow to…

Q: Find the compound amount and the amount of interest earned by the deposit below. ​$6,000 at 6.54​%…

A: Given that: Principal amount invested =$6000 Rate of interest = r = 6.54% = 0.0654 Time in years = t…

Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

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

A: