How long would it take an investment to double under each of the following conditions? (a) Interest is 6.5% compounded monthly. (Enter your answer as a whole number of months years and months.) years and (b) Interest is 7% compounded continuously. (Round your answer to three decimal places.) years

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Q: An amount of $12,000 is deposited into an account with annual interest rate of 3.5 % compounded…

A: Principal amount = P = 12000 Interest = r= 3.5% = 0.035 Final amount = A= 12000(2)= 24000 time=t=?

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A: The future amount, A = $12,000 Interest rate, r = 6% = 0.06 Time, t = 4 years Number of times the…

Q: 1. (a) If $4500 is put in the bank today at 1.5% interest compounded continuously, how much will the…

A: (a) To find: The amount after 3 years. Given information: The invested amount is $54000 and rate of…

Q: (i) What rate of interest compounded annually is needed to make an investment of $6,500 accumulate…

A: Compound interest formula :                                                   F=P1+rnnt Where…

Q: 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: How long does it take for an investment to double in value if it is invested at 18% compounded…

A: The solution is given as follows :

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A: Given:   Grow rate = 5.76%   Compounded semi annually ( n ) = 2

Q: How long would it take an investment to double under each of the following conditions? (a) Interest…

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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: An investor bought stock for ​$40,000. Ten years​ later, the stock was sold for ​$50,000. If…

A: Given P = 40000 A = 50000 t = 10 years We have the relationship A = Petr/100  50000 = 40000 *…

Q: How much money would you have to invest at 10% compounded semiannually so that the total investment…

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Q: What size deposit must be made into an account earning 4.3% interest, compounded continuously, to be…

A: Formula for compound interest compounded continuously given by as P(t) = P0 ert Where P(t) = amount…

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A: 8000 dollars invested at the rate of 7% every year compounded continuously. Formula for continuous…

Q: An investment of $24,400.00 earns 12.8% annual interest, compounded continuously. If no funds are…

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Q: Joshua invested $99,000 in an account paying an interest rate of 4 1/2% compounded continuously.…

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Q: How much money should be invested in an account that earns 6% interest, compounded monthly, in order…

A: We have to find how much money should be invested in an account that earns 6% interest, compounded…

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A: TO FIND: How much money should they invest now at an interest rate of 9% per year, compounded…

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: Consider an investment where $49,000 is invested for 5 years at 8% compounded continuously. How much…

A: given that, P=$49000, r=8%, t=5years How much will this investment be worth after 5 years? (Round…

Q: Question 1 of 14 If an investment grew to $13,000 in 3 years and the interest amount earned was…

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Q: Mr. and Mrs. Perry hope to send their son to college in eleven years. How much money should they…

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Q: How much money should be invested in an account that earns 6% interest, compounded monthly, in order…

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Q: How long did it take for an investment of $22,500 to grow to $28,000 at 2.64% compounded…

A: Given  Principal =$22,500 Final Amount =$28000 Rate r=2.64% Compounded semi-annually

Q: How long does it take for an investment to double in value if it is invested at 6 % compounded…

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Q: What is the compound interest if $490 is invested for 12 years at 10% compounded continuously?…

A: Given Principal =$490. Rate       =10%=0.10. Time      =12 years.

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

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Q: Mr. and Mrs. Kelly hope to send their daughter to college in eleven years. How much money should…

A: Amount in Continuously Compounded interest is:

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Q: An investment grows at 24% compounded monthly. How many years will it take to do the following?…

A: In this question, we have to calculate time with respect to the solution A=P1+rktk where, A = future…

Q: Mr. and Mrs. Thomas hope to send their son to college in 11 years. How much money should they invest…

A: Given problem:- Mr. and Mrs. Thomas hope to send their son to college in 11 years. How much money…

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A: Formula for compound interest:

Q: How long will it take $12,000 to grow to $15,000 if the investment earns interest at the rate of…

A: Given :          $12,000 to grow to $15,000 the investment earns interest at the rate of 4%/year…

Q: The parents of a 3-year-old child put $10,000 into an account with the hope that the amount will…

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Q: a.) What will an investment of 30 000 Euros at 5.6% p.a. interest compounded annually amount to…

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Q: Find the accumulated value, A, of an investment of $10,000 for 5 years at an interest rate of 3.1%…

A: The formula to calculate the final amount or accumulated value of an investment when compounded at…

Q: What present value amounts to $20,000 if it is invested for 15 years at 6% compounded…

A: Compound interest: Formula :  A=P1+rnnt where ; A is the amount . P is the principal or invested…

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: Find the accumulated value of an investment of $25,000 for 4 years at an interest rate of 5.5% if…

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Q: How much money is in the bank after for 4 years? 2. A deposit of $2150 earns 6% interest compounded…

A: First I have written the Future value of a compound interest problem, just use that formula for the…

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: How long does it take for an investment to double in value if it is invested at 7% compounded…

A: To determine the time taken for the investment to double.

Q: How long will it take for an investment to at least double its original amount if it is growing at…

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Q: A couple just had a baby. How much should they invest now at 5.6% compounded daily in order to have…

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Q: A recent college graduate decides to open a credit card in order to pay for their upcoming trip…

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Q: What is the compound interest if $490 is invested for 15 years at 10% compounded continuously?…

A: Principal=$490 Rate of interest =10%                           =10100                          = 0.1…

Q: How much money should be invested in an account that earns 3% interest, compounded monthly, in order…

A: From the given data,Interest rate r=3%, time period t=5yeras and P=$15000.