If you invest $8,600 in an account paying 8.4% annual interest rate, compounded continuously, how much money will be in the account at the end of 11 years? $ (Round to the nearest cent as needed.)

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

A: Given

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

A:

Q: Suppose that you invest $14,000 at 3% interest compounded monthly. How much money will be in your…

A: We know that the formula , A = P ( 1 + (r / n )) n • t Here P = principal amount r = interest rate…

Q: How much should she set aside now

A:

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: If $250 is invested at 8% compounded (A) annually, (B) quarterly, (C) monthly, what is the…

A:

Q: How many years are required for your money to triple if it is invested at 9% compounded? a. annually…

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

A:

Q: An investor bought stock for ​$20,000. Five years​ later, the stock was sold for ​$40,000. If…

A:

Q: What rate of interest compounded annually is required to triple an investment in 11 years? The rate…

A: Recall: Compound interest Formula:                 A=P(1+rn)nt ; where A- Amount after t years…

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: If you have $30,000 in a bank account that is paying an interest rate of 4 percent that is being…

A:

Q: How much money would you have to invest at 10% compounded semiannually so that the total investment…

A:

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

A:

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

A: JocelynA=P1+R12002Twhere A=amount, P=principal amount, R=rate of intereset and T=time…

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: at what nominal rate, compounded monthly, would $13000 have to be invested to amount 22,716.49 in 7…

A: When the interest is compounded, then the formula used is , where, A is the final amount, P is the…

Q: How much would $20,000 amount to a 8% compounded continuously for 10 years? Round to the nearest…

A: Compound interest

Q: A zero-coupon bond can be redeemed in 20 years for $10,000. How much should you be willing to pay…

A: Given: Total years=20……1Redeemed amount=$10,000……2

Q: How much money should be invested every quarter at 8% per year, compounded quarterly, in order to…

A: The solution for the above question is as shown below.

Q: At what nominal rate, compounded every 2 months, would $7,000.00 have to be invested to amount to…

A: Compound Interest: The formula for the compound interest is given by, Where A is the final Amount,…

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: A retirement savings plan pays 4.5% interest, compounded continuously. How long will it take for an…

A: Given: A retirement savings plan pays 4.5% interest, compounded continuously. To find: Time in which…

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A:

Q: 3. Francisco invest $10,500 at a annual rate of 6% compounded monthly per year. How much money will…

A: Given, P=$10,500 r=6% t=8 years Compounded monthly

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: How much money should be invested in an account that earns 6% interest,  compounded monthly, in…

A: Formula to be used

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

A:

Q: An investment has grown from $15,000 to $17,684.23 in 3 years, compounding monthly. What was the…

A: We have to calculate interest rate

Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A: Given: Principle amount (P)= $1,000,000 Rate of interest r=12% Time period= 20 years

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

A:

Q: How much must be invested at the beginning of each year at 10%, compounded annually, to pay off a…

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Q: If you need to have at least $50,000 in 10 years, what is the smallest amount you need to deposit in…

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Q: If you invest $1,000,000 in an account paying 12%, how much will you have after 20 years if the…

A:

Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily, find the value of the…

A: Given, The initial amount, P=$2500 Rate of interest,r=2.5% Compounded daily,n=365

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: 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: Having received a large inheritance, a child's parents wish to establish a trust for the child's…

A:

Q: How much is in an account after 10 years if $1000 is invested at an interest rate of 2.4%/year…

A: (a)Given:

Q: A stock broker allocated $100,000 to an account earning 4% per year compounded continuously. If no…

A: Given problem Given that   A stock broker allocated $100,000 to an account earning 4% per year…

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

A:

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

A:

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

A:

Q: QUESTION 5 How much will you need to save per quarter to have $54,000 after 13 years, if your…

A: here we use compound interest formula 54000 = P(1+13/400)13*4 54000 = P(1+0.0325)52 54000 =…

Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years

Q: Find the accumulated value of an investment of $10,000 for 5 years at an interest rate of 5% if the…

A: We will find out the required value.