Heather wants to invest $35,000 of her retirement. She can invest at 4.8% simple interest for 20 yr, or she can choose an option with 3.6% interest compounded continuously for 20 yr. Which option results in more total interest?

Q: How long will it take $1,400 to triple if it is invested at an annual interest rate of 5.9%…

A:

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: Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6…

A: Given that Invested amount=$3500 Interest compounded continuously =2.75% Time=6 years To find  How…

Q: long would it take R20 000 invested today at a nominal annual continuously compounding (NACC)…

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: Serenity is going to invest $130 and leave it in an account for 19 years. Assuming the interest is…

A: Just use the formula for the compound interest and simplify.

Q: w much money does Stewart have to invest at 2.9% interest compounded continuously to have $28,000…

A:

Q: In 1626, Peter Minuit convinced the Wappinger Indians to sell him Manhattan Island for $24. If the…

A: To find accumulated balance in the year 2010 if interest were compounded monthly; Using compound…

Q: Dale had $1,000 to invest. He has a goal to have $2,700 in this investment in 13 years. At what…

A: (1)Continuously compounded interest formulaA= PertP = the initial principle investede = natural…

Q: Hannah wants to have $6000 to help pay for a new deck in 10 years. If she wants to put her money…

A: Time has been valuable in all aspects but in terms of finance, time has a money value. The worth of…

Q: How long does it take for a deposit of $800 to double at 9% compounded continuously? How many years…

A: I am attaching image so that you understand each and every step.

Q: Complete the table to determine the balance A for $13,000 invested at rate r = 7% for t years,…

A: Compound interest = P ert r = 7% = 0.07 P = $13000

Q: One thousand dollars is to be invested in a bank for 4 years. Would 8% interest compounded…

A: To find the amount of semiannual compound interest, use the formula, A=P1+rnnt and substitute P with…

Q: 27. How long will it take money to double if it invested at 6% compounded monthly? 9% compounded…

A: If P=initial investment, r = interest rate compounded monthly  and A= amount after t years , then we…

Q: Tessa invests $5600 in a new savings account which earns 3.9% annual interest, compounded…

A: From the given data:

Q: Jay wants to invest $5,000 in an account with an interest rate of 8.5% that is compounded…

A: Here we have to find out amount of money.

Q: Bethany needs to borrow $8,000. She can borrow money at 6.9% simple interest for 3 yr or she can…

A:

Q: Suppose you deposit $1000 in an account that earns 6.2 % compounded monthly. a. How much money will…

A: To calculate the total amount compounded monthly, substitute 1000 for P, 6.2% for r, 12 for n and 5…

Q: Suppose you have $15000 to invest. Which of the two rate would yield the larger amount in 3 years.…

A:

Q: How long it will take for an investment of 1000 dollars to double in value if the interest rate is…

A: Given: The initial value is $1000, the future value is $2000, and the interest rate is 8.5% per…

Q: Jerome wants to invest $25,000 as part of his retirement plan. He can invest the money at 5.2%…

A: Given:

Q: Fiona invested $1100 at 7​% compounded continuously. At the same​ time, Maria invested $1200 at 7​%…

A:

Q: Lea invests $8,333 in a savings account with a fixed annual interest rate of 8%. What will the…

A: According to questionInitial balance (p) = $8,333Interest rate (r) = 8%Time (t) = 12 yearIt is given…

Q: How long does it take for a deposit of $1100 to double at 7% compounded continuously? How many years…

A: Given: principal amountP=$1100, rate of interestr=7% compounded continuously and final amountF.A.=2P…

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

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: Complete the table to determine the balance A for $13,000 invested at rate r= 7% for t years,…

A: Principal amount = $13000 Interest rate = 7% = 0.07 Time = t years Compound interest compounded…

Q: Suppose you have $3000 to invest. Which investment yields the greater return over 10 years: 6.5%…

A: Let's consider the given scenarios:                          When the interest is compounded…

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

A:

Q: How many years will it take $10,000 to grow to $18,800 if it is invested at 4.75% compounded​…

A:

Q: Evan is going to invest in an account paying an interest rate of 6.1% compounded continuously. How…

A: Evan is going to invest in an account paying an interest rate of 6.1% compounded continuously. How…

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: Teri invested $1500 in an account with an interest rate of 2.25% compounded continuously. How long…

A: Initial investment=$1500 Rate of interest=2.25% We need the time in which the earnings will be $5000

Q: Skylar is going to invest $69,000 and leave it in an account for 6 years. Assuming the interest is…

A: Concept : if the principal amount of P is lend with compound interest of r % then the final amount…

Q: Find the balance if P50 , 000 is invested at an annual rate of 10% for 5 years compounded…

A:

Q: How long does it take for a deposit of $800 to double at 5% compounded continuously? How many years…

A: Given query is to find the time taken to become the deposit double of its value.

Q: How long, to the nearest year, will it take an investment to triple if it is continuously compounded…

A: Continuous compound interest formula: The amount in an account after t years at r rate is compounded…

Q: Dale has $1000 to invest. He has a goal to have $2500 in this investment in 11 years. At what annual…

A: Given: Dale has $1,000 to invest. He has a goal to have $2,500 in this investment in 11 years. Find…

Q: Adrian is going to invest $9,900 and leave it in an account for 10 years. Assuming the interest is…

A: Simply use the formula for compound interest.

Q: If Tabitha has $1000 to invest at 6% per annum compounded semi annually, how long will it be for her…

A:

Q: Tyler invested $350 in an account paying an interest rate of 4.5% compounded continuously. Assuming…

A:

Q: Mr. Johnson invested R25 000 at a rate of 9,95% p.a. compounded quarterly. How long will it take for…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: If $2000 is invested at 4% interest compounded monthly, the value of the investment after t 12.04…

A: Everything is given for t years , to get invested value after 3.5 years , just substitute, t=3.5 and…

Q: Penelope needs to borrow $9000. She can borrow the money at 6% simple interest for 5 yr or she can…

A:

Q: If you invest $5000 compounded continuously at 4% p.a. how much will this investment be worth in 5…

A: The initial amount P=$5000 Rate of interest r=4%=4100=0.04 p.a. The time period t = 5 years

Q: How long will it take money to triple if it is invested at 6% compounded quarterly? 8.1% compounded…

A: We will find out the required value.

Q: Kinsey has invested $28,000 into an account that pays 9% compounded continuously. How long will it…

A:

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: Samuel is going to invest in an account paying an interest rate of 5% compounded continuously. How…

A: GIVEN: Rate = 5 Time = 9 years

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

A: Solution:-