If $7000 is invested at 7% compounded continuously, what is the amount after 7 years? The amount after 7 years will be $ 24 (Round to the nearest cent.)

Q: you invest $7,500 in an account paying 8.35% compounded continuously, how much money will be in the…

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Q: How much money needs to be deposited now into an account to obtain $8,000 in 14 years if the…

A: Given

Q: How many years are required for P20,000 to increase to P30,000 if invested at 16% per year…

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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 10 thousand dollars is invested at an interest rate of 5 percent per year, find the value of the…

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Q: Suppose you deposit $800 in an account that pays 4.25% annual interest compounded quarterly for five…

A: A=New balance=? P=Amount invested=$800 r=Rate=4.25%=0.0425 t=Time=5 years n=Number of times it is…

Q: What interest will be earned if $6000 is invested for 5 years at 13% compounded monthly? (Round your…

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Q: If $25,000 is invested at 8% compounded quarterly, how long (in quarters) will it be before it grows…

A: Here,S=35,000P=25,000r=0.08 n=4

Q: The Armstrongs wish to establish a custodial account to finance their children's education. If they…

A: Given: The Armstrongs wish to establish a custodial account to finance their children's education.…

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 $25,000 is invested at 9% compounded continuosly, then how long will it take for the investment…

A: Given :- Rate of Interest (R) = 9 %               Present Value (P) = $ 25000               Actual…

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: What interest will be earned if $6400 is invested for 4 years at 11% compounded monthly? (Round your…

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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 should be deposited today in an account that earns 6% compounded monthly so that it…

A: If an amount P is deposited today in an account that earns interest rate r per compounding period,…

Q: What interest will be earned if $6100 is invested for 7 years at 13% compounded monthly? (Round your…

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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: 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: What present value amounts to $20,000 if it is invested for 15 years at 8% compounded annually?…

A: Given:Total accumulated amount (A) = 20,000 dollarsRate = 5%Time, n = 15Present value (Principle)…

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

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Q: Peyton is going to invest $71,000 and leave it in an account for 18 years. Assuming the interest is…

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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 much money needs to be deposited now into an account to obtain $1,700 in 5 years if the interest…

A: Total amount of money at the end of nth  year is given by,                               A = P 1 +…

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 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: Find the value of $30,000 invested for 4years at 15.3% interest if the compounding is done…

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

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Q: At what nominal rate compounded quarterly would $20,000 have to be invested to amount to $26,425.82…

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Q: What interest will be earned if $6100 is invested for 2 years at 11% compounded monthly? (Round your…

A: Follow next step

Q: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

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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: Upon the death of his aunt, Lucien receives an inheritance of $40,000, which he invests for 13 years…

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Q: How long will it take for an investment to​ triple, if interest is compounded continuously at 6​%?…

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Q: What interest will be earned if $6500 is invested for 2 years at 11% compounded monthly? (Round your…

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

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Q: What present value amounts to $20,000 if it is invested for 15 years at 7% compounded annually?…

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Q: If ​$7000 is invested at 5​% compounded​ continuously, what is the amount after 7 ​years? round…

A: Given, Initial amount=$7000 Rate of interest=5%=0.05 Period=7years

Q: How long did it take for an investment of $25,000 to grow to at least $28,000 at 2.75% compounded…

A: Given: A = $28000 P = $25000 r = 2.75% We know the quarterly compound interest formula as A=P1+r44t.…

Q: Suppose you have $13,000 to invest. Which of the two rates would yield the larger amount in 4 years:…

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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: If ₱1,000 is invested at 4% per annum compounded yearly, what is the value of the investment after…

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Q: If $400 is invested at 17% compounded quarterly, what is the interest earned after: a) 6 years…

A: FV = Future Value   PV = Present Value   r = rate of interest   n= no of period

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

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