If $5000 is invested at 3% compounded continuously, what is the amount after 3 years? The amount after 3 years will be $ (Round to the nearest cent.)

Q: To the nearest penny, how much would you have to invest right now in a fund paying 5% continuously…

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Q: If $11,000 is invested at 3% compounded monthly, what is the amount after 5 years? The amount after…

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Q: Recently, a certain bank offered a 10-year CD that earns 2.16% compounded continuously. Use the…

A: We have to find gross amount

Q: What rate of interest compounded annually is required to double an investment in 4 years? The rate…

A: Formula used:The simply annual compound interest formula

Q: If you borrow $8,500 at 4% interest, what is the amount that you will owe in five years if…

A: To find the amount owe in 5 years if compounding continuously :

Q: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 24…

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Q: If you borrow $4500 at 3.5% interest compounded continuously, and make no payments toward the loan,…

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Q: If you need $20,000 in your bank account in 6 years, how much must be deposited now? The interest…

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Q: Shemp has inherited $50,000 from a recently deceased long-lost aunt. He invests his newfound money…

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Q: In 19 years, Anthony Oaks is to receive $300,000 under the terms of a trust established by his…

A: It is given that, the time period is t=19 years,  Future Value (FV)=$300,000 rate of return…

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: Suppose that $1000 is invested at a 10% interest rate compounded quarterly. b) How many years will…

A: Solution:Giveninvestmentment Amount=$1000     r=0.01To find (a) What will investment be worth after…

Q: If $4000 is invested at an interest rate of 6.25% per year, compounded continuously, find the value…

A: Given: If $4000 is invested at an interest rate of 6.25% per year, compounded continuously The…

Q: Suppose you deposit $1000 in an account that earns 6.2 % compounded monthly. a. How much money will…

A: To calculate the total amount compounded monthly, substitute 1000 for P, 6.2% for r, 12 for n and 5…

Q: At what interest rate will money treble if compounded continuously for 18 years?

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Q: If Hannah places $ 4500 into an account earning 4.5% interest compounded continuously, how much will…

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Q: If $13,500 is invested at 8% compounded quarterly, how much will this investment be worth in 17…

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Q: If $8000 is invested at 5% compounded continuously, what is the amount after 3 years? The amount…

A: According to the given information, it is required to calculate the amount after 3 years.…

Q: If Hannah places $ 4500 into an account earning 7.25% interest compounded continuously, how much…

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Q: If real estate in a certain city appreciates at the yearly rate of 15% compounded continuously, when…

A: The question mentions that the value of the real estate in a certain city appreciates at a rate…

Q: An investment fund pays 10% per year, compounded quarterly, on all money invested. How much must be…

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Q: If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long…

A: We know that, the formula for continuous compounding is given by A=Pert            ⋯⋯1 Where, P =…

Q: If you invest $3000 at 5% compounded quarterly, how long will it take the account to double in time?…

A: P=3000,  r=5%=0.05,  n=4

Q: If $1000 is invested at an interest rate of 3.5% per year, compounded daily, find the value of the…

A: Given data  Investment P=1000  interest rate r=3.5% =0.035  Compounded daily=n=365  Value of the…

Q: If money is worth 7% compounded continuously, find the equated time for paying a loan of P 200,050…

A: Given: Rate of interest, r = 7% Loan amount due in 2 years, A1 = P200,050 Loan amount due in 4…

Q: If $4000 is deposited in a savings account that earns interest at an annual rate of 7.5% interest…

A: NOTE: Refresh your page if you can't see any equations. . here we have,  P=4000 r=7.5%=0.075 t=4…

Q: If $6,000 is invested at 3% compounded continuously, what is the amount after 7 years? The amount…

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Q: find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded…

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Q: Find the interest rate needed for an investment of $3,000 to grow to an amount of $4,000 in 9 years…

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Q: An investment fund pays 9% per year, compounded quarterly, on all money invested. How much must be…

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Q: How long will it take $3,000 to grow to $20,000 if it invested at 6% compounded monthly? ___years…

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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: If $11,500 is invested at 10% compounded quarterly, how much will this investment be worth in 3…

A: Let P be the amount invested , r be rate of interest compounded quarterly, n be number of periods in…

Q: nearest

A: Please refer to the image below

Q: If you invest $1700 in an account paying 7% compounded continuously, how much will be in the account…

A: We have the compound maturity formula

Q: If $20,000 is invested at a rate of 5% per year compounded continuously, find the value of the…

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Q: How much was invested into Ed's account that was continuously compounded at 3.9% interest for 15…

A: Compound Interest :  When the interest charged after a certain specified time period is added to…

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: . An investment fund pays 12% per year, compounded monthly, on all money invested. How much must be…

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Q: If $8000 is invested at 6% compounded continuously, what is the amount after 2 years? The amount…

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Q: If $200 is invested at 6% compounded (A) annually, (B) quarterly, (C) monthly, what is the amount…

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Q: if 25,000 is invested at 12%, How much will it be worth after 5 years if it is compounded annually?

A: Remember that, Compound interest (or compounding interest) is the interest on a loan or deposit…

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

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Q: If $17,000 is invested at 6% compounded monthly, what is the amount after 6 years? The amount after…

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Q: d. If the same account and interest were compounded continuously, how much money would the account…

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Q: Recently, a certain bank offered a 10-year CD that earns 11.2% compounded continuously. Use the…

A: Given the following : Compounding interest on CD (r) = 11.2%=11.2100=0.112 Period (t) = 10 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: Suppose that you invest $8,000 at 8% interest compounded continuously. How much money will be in…

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Q: A philanthropist deposits $50,000 into a trust fund that pays 4.5%, compounded continuously. The…

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