How much should be invested now at an interest rate of 6% per year, compounded continuously, to have $3500 in three years? Do not round any intermediate computations, and round your answer to the nearest cent.

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

A: We can solve the problem by following steps.

Q: If I want to grow an investment to $20,000 to have as a down payment, how much does the Initial…

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Q: Justin wants to buy a bond that will mature to $6000 in eight years. How much should he pay for the…

A: topic - exponential function

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

A: We can find the answer as below.

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: Find the interest rate needed for an investment of $7,000 to grow to $10,000 in 9 years if interest…

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Q: The average cost of a 4-year college education is projected to be $120,000.00 in 18 years. How much…

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

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Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 8 years…

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

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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…

Q: Melissa wants to buy a bond that will mature to $5000 in six years. How much should she pay for the…

A: The answer is found in step-2

Q: Amy wants to buy a bond that will mature to $5500 in eight years. How much should she pay for the…

A: Consider the following formula of compound interest compounded continuously: Pt=P0ert…

Q: How long will it take for a deposit of $3000 to grow into $10,000 at 8.4% compounded yearly

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Q: If $400 is invested at an interest rate of 2.5% per year, find the amount of the investment at the…

A: Explanation: Given that: Principal(P) = $400 Rate(r) = 2.5% or .025 per year Concept: 1. A=P1+rnnt…

Q: Find the interest rate needed for an investment of $10,000 to grow to $12,000 in 6 years if interest…

A: Given data: The investment is P=$10000. The final amount is A=$12000. Time taken is t=6 years.

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

A: Given  Time = 12 years Interest rate = 9.5% per year , compounded continuously Final amount = $8000…

Q: Jackson invested $4,200 in an account paying an interest rate of 9 1/2 % compounded continuously.…

A: Jackson invested $4,200 in an account paying an interest rate of 9 1/2 % compounded continuously.…

Q: Consider the following investment options. Option 1: invest $4000 for 8 years at 8% compound…

A: Option 1: Given Investment of $4000 for 8 years at 8% compounded annually. When it is compounded…

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 will it take for an investment to triple, if interest is compounded continuously at 8%? It…

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Q: How long will it take $14000 to grow to $16000 if it is compounded quarterly at a rate of 3.1%?…

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Q: How long will it take $10,000 to grow to $12,000 if the investment earns interest at the rate of…

A: We have to find how many years will it take  $10,000 to grow to $12,000 if the investment earns…

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: Find the interest rate needed for an investment of $10,000 to grow to an amount of $11,000 in 4…

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Q: Charlie wants to buy a bond that will mature to $5000 in seven years. How much should he pay for the…

A: The maturity amount, A = $5000 The rate of interest, r = 2% = 0.02 Time, t = 7 years To evaluate:…

Q: 4. How many years will it take for 500.00 to grow to P1,051.82 at 10 percent compounded annually

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Q: Suppose you invest $5000 and would like your investment to grow to $10,000 in eight years. What…

A: Given that the initial amount= P=5000 Final amount=A= 10000 Time=t= 8 years  n=number of times…

Q: Find the size of the permanent endowment (in dollars) needed to generate an annual $7,000 forever at…

A:

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

A: This question is based on formula of continuous compounding.

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

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Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $6,600 in 9 months…

A: A=P1+rnnt P is the amount invested. r is the rate. t is the time A is the amount after t years.

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: How long will it take for a $3000 investment to grow to $3555 at an annual rate of 3%, compounded…

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

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Q: Carter is going to invest $79,000 and leave it in an account for 12 years. Assuming the interest is…

A: Simply use the formula for compound interest.

Q: Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,500 in 10 years…

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Q: Kevin wants to buy a bond that will mature to $4500 in nine years. How much should he pay for the…

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Q: Find the interest rate needed for an investment of $7,000 to quadruple in 7 years if interest is…

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Q: What present value P amounts to $260,000 if it is invested at 7%, compounded semiannually, for 18…

A: Given that present value P amounts to $260,000 if it is invested at 7%, compounded semiannually, for…

Q: Find the interest rate needed for an investment of $7,000 to grow to an amount of $9,000 in 9 years…

A: We use following equation to get the required interest rate: Here, A = Final amount         P =…

Q: How long will it take for a $2000 investment to grow to $2984 at an annual rate of 4.6%, compounded…

A: Initial investment = 2000 Final amount =2984 rate of interest = 4.6%= 0.046 compounded quarterly ,…

Q: Find the interest rate needed for an investment of $9,000 to grow to $13,000 in 3 years if interest…

A: Continuous compounded interest formula: The interest rate is compounded continuously at an annual…

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: Suppose that a company needs new equipment, and that the machinery in question costs $100000 and…

A: Given data: The given value of the machinery is M=$100000. The given profit per year is A=$60000.…

Q: If $400 is invested at an interest rate of 5.5% per year, find the amount of the investment at the…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

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: van wants to put some money into an investment fund that has paid, on average, 13.2% per ar,…

A: Given query is to find the investment amount so that the future value will be 10000