How much money invested at 5% compounded continuously for 3 years will result in $820

Q: How long will it take money to triple if it is invested at the following​ rates? ​(A) 5.2​%…

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Q: Use Table 11-2 to solve the problem. Stuart Daniels estimates that he will need $23,000 to set up a…

A: The compound interest formula:A=P1+rnntP=initial principal investmentA=final amountr=interest rate…

Q: Charlotte invested $33,000 in an account paying an interest rate of 7 % compounded continuously.…

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Q: how long will it take for the amount in the account to reach $12,000?

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Q: Suppose you have $10,000 to invest. Which of the two rates would yield the larger amount in 1 year:…

A: Given that, You have $10,000 to invest. There are 2 rates. 12% compounded monthly. 11.86% compounded…

Q: if $300 is invested at 7% compounded what is the amount after 5 years? how much interest is earned?

A: The amount Awhen the interest is compounded annually is calculated as A=P1+r100t, where P is the…

Q: Bentley invested $750 in an account paying an interest rate of 1% compounded daily. Julia invested…

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Q: look at attachment need for reference

A: The formula used for Continuous compounding interest:

Q: Alyssa invested $180 in an account paying an interest rate of 8 3/8 % compounded annually. Lily…

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Q: Match each word problem to the correct equation that best represents the situation. James invested…

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Q: After several years of working, Katy has savings of $100,000. If she invests that $100,000 in a…

A: Consider the provided question, Given Principal = $100,000 Time = 20 years Rate of interest = 5%

Q: How many months will it take for a $4000 to grow into $5600 if money can earn 6% p.a. compounded…

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Q: Find the amount of money that results if $100 is invested at 4% compounded quarterly for 2 years.

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Q: Oliver invested $970 in an account paying an interest rate of 7 1/2% compounded continuously. Carson…

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Q: Sophie invested $170 in an account paying an interest rate of 2% compounded continuously. Wyatt…

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Q: Elijah invested $79,000 in an account paying an interest rate of 2;% compounded daily. Landon…

A: Given: Elijah invested $79000 at 11/4% compounded daily for 7 years Landon invested $79000 at 13/4%…

Q: Brandon invested $41,000 in an account paying an interest rate of 3 % compounded continuously. Evan…

A: Formula for simple compound interest where P is principal amount            r is interest rate…

Q: Suppose you have $14,000 to invest. Which of the two rates would yield the larger amount in 3 years:…

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Q: Solve the problem. 59) Find out how long it takes a $2800 investment to double if it is invested at…

A: It is given that, the principle amount is doubled at a rate of 9% compounded quarterly.Thus, A = 2P…

Q: Suppose you have $10,000 to invest. Which of the two rates would yield the larger amount in 1 year:…

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Q: An investment compounded quarterly takes 5 years to double in value. How long will it take for the…

A: An investment compounded quarterly takes 5 years to double in value. How long will it take for the…

Q: If you invest $2000 at 6% compounded monthly, how long will it take the account to double in value?

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Q: In 20 years, a father wants to accumulate $50,000 to pay for his daughter's college expenses. How…

A: NOTE: Refresh your page if you can't see any equations. . here we have A=50000 r=8%=0.08 t=20 years

Q: Malcolm invests $50 000 at an interest rate of 7 % compounded monthly. Laura invests $ 40 000 at…

A: Malcon invests $50,000 at an interest rate of 7% compounded monthlyLaura invests $40,000 at 9.5…

Q: A principal of $1500 is invested at 3% interest, compounded annually. How much will the investment…

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Q: Stuart Daniels estimates that he will need $29,000 to set up a small business in 7 years. (a) How…

A: Here, Amount, A= 29,000 time, t=7 rate, r=0.08 compounded quarterly so, n=4

Q: Jocelyn invested $56,000 in an account paying an interest rate of 7% compounded continuously. Oliver…

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Q: How long does $1,000 have to be deposited into a savings account at the end of each month to…

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Q: Owen invested $81,000 in an account paying an interest rate of 3 % compounded continuously. Zoe…

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Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: Given that interest rate is 9%. The formula for calculating compound interest is given by, A= P(1+…

Q: Sophie invested $170 in an account paying an interest rate of 2-% compounded continuously. Wyatt…

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Q: how much money should be invested now in order to have $18,000 in 4 years if the investment earns…

A: A=Final Amount=$18000 t=Number of time periods elapsed=4 years r=Interest Rate=5.4%=0.054 n=Number…

Q: Rochelle deposits $5,000 in an IRA. What will be the value (in dollars) of her investment in 15…

A: Use compound interest formula.

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

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Q: If you invest $1200 in an account paying 9% compounded continuously, how much money will be in the…

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Q: What is the rate on an investment that doubles $4104 in 5 years? Assume interest is compounded…

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Q: How long will it take money to double if it is invested at the following rates? (A) 7.1% compounded…

A: The compound interest formula is: A=P1+rnnt...(1) Here, interest is compounded sem-annually. So, n=2…

Q: An aunt wants to make a gift of $120,000.00 to their niece's for her college education on her 18th…

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Q: When a principal amount, P, is Invested at an annual interest rate, r, and compounded n times per…

A: Given formula A=P1+rnnt Here, P= Principal amount r= rate of interest n= Compounded period t=time

Q: Dylan invested $700 in an account paying an interest rate of 1 % compounded quarterly. Sebastian…

A: Given: Dylan:Invested amount=$700Interest rate=134%Number of conversions=compounded…

Q: A principal of  $4300  is invested at  4.5%  interest, compounded annually. How much will the…

A: In Compound Interest Amount of principal (P) after 'n' years @ 'r' rate of interest will be A =…

Q: Dylan invested $4,400 in an account paying an interest rate of 9 1/8% compounded continuously. Anna…

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Q: Approximately how long it would take an investment of 5,000 to double with an interest rate of 3.5%

A: Given that, Investment or principal (P) = 5000 Rate of interest (r) = 3.5% Amount (A) = 2 x 5000 =…

Q: Rochelle deposits $4,000 in an IRA. What will be the value (in dollars) of her investment in 25…

A: We can make it easier for you

Q: Suppose you have $15,000 to invest. Which of the two rates would yield the larger amount in 1 year:…

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Q: Solve the problem. 66) What is the iate on an investment that triples $4848 in 3 years? Assume…

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Q: How much more or less money would you have to invest today to have $12,000 in 2 years at 3.50%…

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Q: Which of the two rates would yield the larger amount in 1 year: 9% compounded monthly or 9%…

A: 9%=0.09If compounded monthly then in 1 year it will be compounded 12 times. Initial amount = P ,…

Q: 8. You have $5000 toward the purchase of a boat that will cost $6000. How long will it take the…

A: the amount A=$6000 The principal P invested is $5000 rate of interest r = 5% use the compound…

Q: How many days will it take to build $1000.00 to at least $7500.00 at 9% compounded daily?

A: To determine the time taken for the investment to accumulate to $7500.