How many years will it take $1,000 to grow to $2,000 if it is invested at 4.25% compounded continuously? years (Round to two decimal places.)

Q: How much money must be deposited today to become $2200 in 30 years at 4.5% compounded continuously?…

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Q: Assume that there are no deposits or withdrawals An initial investment of $6,000 earns 8.7%…

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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: 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=?

Q: Suppose that a savings account attracts an interest rate of 1.6% per annum. How much would need to…

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Q: $13,000 is deposited into a savings account with an annual interest rate of 3% compounded…

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Q: Consider an investment where $47,000 is invested for 15 years at 6% compounded continuously. How…

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Q: Jesaki Bank offers a 10-year CD that earns 2.3% compounded continuously.T If $10,000 is invested in…

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

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Q: consider an investment where $43000 is invested for years at 8% compounded continuously? how much…

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Q: A family invests $10,000 in a bank at a rate of 4% compounded continuously. (Round your answer to…

A: Hey, since there are multiple sub-parts posted, we will answer the first 3 sub-parts. If you want…

Q: Assume that there are no deposits or withdrawals. An initial investment of $4,000 earns 7% interest,…

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Q: How long will it take for $3,200 to double if it is invested at 6% annual interest compounded 12…

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

A: Let the principal amount be P = x Then, Final amount, A = 2x Using formula:

Q: How much money must be deposited today to become $2500 in 30 years at 6.5% compounded continuously?…

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Q: How long will it take an investment to double in value if a 9% continuously compounded interest rate…

A: Let investment = P  If amount double, A = 2P  Interest rate, r = 9% 9100=0.09 Using formula for…

Q: If $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how…

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Q: If $2500 is invested at an interest rate of 4.5% per year, compounded continuously, find the value…

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

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Q: What is the compound interest if $43,000 is invested for 5 years at 6% compounded continuously?

A: To find the final value of an investment use this compound interestformula:Investment Value = P x (…

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

A: Rate=5%

Q: How many years will it take $2,000 to grow to $3,300 if it is invested at 2.50% compounded​…

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Q: A bank offered 1 3/4% interest on savings accounts compounded continuously. -How much is a $5,000…

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

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Q: How much money must be deposited today to become $2400 in 30 years at 5.5% compounded continuously?…

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Q: how many years will it take for an initial deposit of p dollars to double if interest is compounded…

A: Given,           The initial deposit is p dollars and the rate of interest is 3%.

Q: How many years will it take $3,000 to grow to $5,000 if it is invested at 3.25% compounded…

A: To solve this problem we need to use the following result:

Q: How much time does it take for a $9,800 investment to grow to $13,800 in an account compounded…

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Q: An investment of $23,400.00 earns 11% annual interest, compounded continuously. If no funds are…

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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: practice question 18

A: P0= Initial amount = 2700r= interest rate = 6.8% =0.068t= time = ?P(t)= Final amount = 2700 times 2=…

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: How many years will it take $9,000 to grow to $14,700 if it is invested at 2.50% compounded…

A: We will use continues compounding formula

Q: How long will it take a $500 investment to be worth $700 if it is continuously compounded at 10% per…

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Q: An initial deposit of $25,000 earns 1.25% interested and is left in the account for 15 years. How…

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Q: How much money would be in an account if $2, 000 is deposited at 6 % interest compounded…

A: *concept:- compound interest formula.

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

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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: Assume that there are no deposits or withdrawals. An initial investment of $2,000 earns 7% interest,…

A: The formula for continuous compound interest is given as A=Pert, where, A= Amount at time t P=…

Q: 16) How long, to the nearest year, will it take an investment to triple if it is continuously…

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Q: Brianna is going to invest in an account paying an interest rate of 5.2% compounded continuously.…

A: Given data :-  Rate(r) = 5.2% = 5.2/100                = 0.052 P= Principal price  Find :- Principal…

Q: An account contains $2,000 and has been earning 9% interest, compounded continuously. How much will…

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Q: a Credit How much should be invested now at an interest rate of 3% per year, compounded…

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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: 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: How much time does it take for a $7,550 investment to grow to $10,800 in an account compounded…

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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 $2,000 to grow to $24,000 if it is invested at 5% compounded monthly? years…

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Q: Consider an investment where $47,000 is invested for 5 years at 8% compounded continuously.  How…

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