How long will it take for an investment to triple, if interest is compounded continuously at 7%? ..... It will take (Round to the nearest tenth of a year.) ] years before the investment triples.

Q: If you invest $50,000 at 5% interest compounded continuously, what is the average amount in your…

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Q: Suppose an investment account is opened with an intial deposit of $12,000 earning 8.7% interest.…

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Q: How long did it take for an investment of $21,250 to grow to at least $24,000 at 2.50% compounded…

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Q: 1. How many whole years will it take money to be four times (itself) its value at the rate of 7%…

A: Topic - compound Interest Note: as per bartleby guidelines,we are supposed to solve only first…

Q: A university alumni group wants to provide a monthly scholarship to current students. If the…

A: Given: A university almuni group wants to provide amonthly scholarship to current students.If the…

Q: A certain loan program offers an interest rate of 9%, compounded continuously. Assuming no payments…

A: you can clearly understand if you follow the below solution

Q: Find the present value of a $50, 000 annual income stream if it is invested immediately as it is…

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Q: An investor deposits $5,000 into an account that pays 4% compounded continuously, and then deposits…

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Q: ...* ... .... ....... If you invest $50,000 at 5% interest compounded continuously, what is the…

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Q: Suppose that $7,000 is invested at 4%, compounded semiannually. How much is in the account at the…

A: Amount for compound interest:If P amount of money is invested for t years at r% rate of interest…

Q: How many years are required for an investment to double in value if it is appreciating at the rate…

A: Let the initial amount be P Final amount is 2P rate of interest, r =7%

Q: What is the compound interest if $42,000 is invested for 15 years at 6% compounded continuously?…

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Q: Which Investment would be worth more after 20 years?  An initial investment $3000 compounded annualy…

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Q: A certain loan program offers an interest rate of 5.5%, compounded continuously. Assuming no…

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Q: What present value P amounts to $280,000 if it is invested at 7%, compounded semiannually, for 16…

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Q: 7) Shawna invests $1,233 in a savings account with a fixed annual interest rate of 6% compounded…

A: We need to find amount accumulated in 8 years.

Q: If you invest $25,000 at 5% interest compounded continuously, what is the average amount in your…

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Q: If $2500 is invested at an interest rate of 5.5% per year, compounded continuously, find the value…

A: Solution Given If $2500 is invested at an interest rate of 5.5% per year, compounded continuously,…

Q: How much should be invested now at an interest rate of 6% per year, compounded continuously, to have…

A: Given that, Interest rate (r) = 6% or 0.06 per annum compounded Final amount (A) = $ 3500 Time…

Q: How much should be invested now at an interest rate of 5.5% per year, compounded continuously, to…

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Q: A debt of $43,974 is due in 4 years. If the debtor wishes to pay his creditor today at 14%…

A: If the interest is compounded, then the formula that is used is FV=PV1+rnnt. Here FV is future…

Q: What is the compound interest if $41,000 is invested for 15 years at 8% compounded continuously?

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Q: 6. Suppose you want to have $12,450 in an account 16 years from now, and the APR is 2.3%. (a) If…

A: A=$12450 r=2.3% =0.023 t=16 years  n=4 (quarterly ) A=P(1+r/n)^(n*t)

Q: What is the compound interest if $48,000 is invested for 5 years at 8% compounded continuously?…

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Q: (a) How long does it take for an investment to double invalue if it is invested at 8% compounded…

A: a). Given, r=8%=0.08,  n=12 Let P be the principal amount. Now, A=P1+rnn·t⇒2P=P1+0.081212t   ∵Double…

Q: A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no…

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Q: 7. At what interest rate compounded continuously must money be invested in order to triple in 10…

A: We know that  P=Aert where A= Principal value r=rate  and t=time

Q: How many years are required for an investment to double in value if it is appreciating at the rate…

A: How many years are required for an investment to double in value if it is appreciating at the rate…

Q: What is the compound interest if $46,000 is invested for 15 years at 8% compounded continuously?…

A: The invested amount is $46000 for 15 years at 8% compounded annually.

Q: A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no…

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Q: How much should you invest now (to the nearest dollar) in an account that earns interest at a rate…

A: Given: Amount after 15 years=$11,000 Rate of interest compounded continuously=6.4% To find: Amount…

Q: If you need to have at least $50,000 in 10 years, what is the smallest amount you need to deposit in…

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Q: What is the compound interest if $45,000 is invested for 10 years at 6% compounded continuously?…

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Q: Find the present value of a $45, 000 annual income stream if it is invested immediately as it is…

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Q: If you invest $15,000 at 10% interest compounded continuously, what is the average amount in your…

A: This question is about continuous compounding

Q: How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to…

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Q: Having received a large inheritance, a child's parents wish to establish a trust for the child's…

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Q: How much should be invested now at an interest rate of  5.5%  per year, compounded continuously, to…

A: A=Pert P is the amount invested. r is the rate. t is the time. A is the amount after time t.

Q: How many years are required for an investment to double in value if it is appreciating at the rate…

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Q: Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 6% if the…

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Q: What present value P amounts to $270,000 if it is invested at 8%, compounded semiannually, for 12…

A: Determine the present value of an investment that amounts to $270,000 in 12 years if compounded…

Q: A certain loan program offers an interest rate of 8%, compounded continuously. Assuming no payments…

A: Given : rate of interest is 8% compounded continuously  Initial amount of loan is 1300 we need to…

Q: What present value P amounts to $300,000 if it is invested at 8%, compounded semiannually, for 18…

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Q: What is the compound interest if $46,000 is invested for 10 years at 8% compounded continuously?…

A: Amount in continuous compound interest: where,

Q: (a) How long does it take for an investment to triple invalue if it is invested at 6% compounded…

A: (a). When interest is compounded periodically then formula for amount is given as: A=P1+rnnt, where…

Q: How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to…

A: Let the amount be A invested with an rate of interest of r= 6.5% = 0.065

Q: What is the compound interest if $48,000 is invested for 10 years at 8% compounded continuously?…

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Q: If you invest $10,000 at 10% interest compounded continuously, what is the average amount in your…

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Q: What present value P amounts to $250,000 if it is invested at 6%, compounded semiannually, for 15…

A: P = A / (1 + r/2)2 x n where P = present value A = amount in future r = rate per annum compounded…

Q: How long will it take an investment of $3,400 at an interest rate of 4% per year compounded…

A: Given,       P = $3400  ( initial investment/ principal)       I = 4% = 0.04 ( interest rate)      A…