If you need to have at least $50,000 in 10 years, what is the smallest amount you need to deposit in an account paying 3% interest compounded continuously? O $37,047 O $37,038 O $37,053 O $37,050 O $37,044 O $37,041

Q: I know that in 10 years I will need $60,000 to buy one Dogecoin. I happen to find an online bank…

A: NOTE: Refresh your page if you can't see any equations. . here we have A=60000 r=22%=0.22  n=2 for…

Q: How much is $1000 worth at the end of 2 years, if the interest rate of 5% is compounded daily?…

A: We have to find the total amount.

Q: Will invests $2000 in his IRA in a bond trust that pays 9% interest compounded semiannually. His…

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Q: 1. (a) If $4500 is put in the bank today at 1.5% interest compounded continuously, how much will the…

A: (a) To find: The amount after 3 years. Given information: The invested amount is $54000 and rate of…

Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: The compound interest formula is A=P1+R100t where A=final amountP=initial amountR=Annual rate%t=time…

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A: The given values are as follows.

Q: If $400 is invested at an interest rate of 5% per year, compounded quarterly, find the value of the…

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Q: When your first child is born, you begin to save for college by depositing $500 per month in an…

A: Given: Amount deposited per month is $500. Thus, the amount deposited per year is $500×12=$6000. The…

Q: ed pdl- PDF Annotator Tool View Extras Window Help Page Width 52 AR Y x amed.pdf" E -/ II * 4. How…

A: If $P is invested for t years with rate of interest r compounded annually then total amount after t…

Q: For the 2009 fiscal year, Lowe's Companies, Inc. reported an annual net income of $48,230,000.…

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Q: An investment of $3,700.00 earns 19.7% annual interest, compounded continuously. If no funds are…

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Q: Stefan invests $3,887 in a retirement account with a fixed annual interest rate of 2% compounded…

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Q: if $2000 is invested at an interest rate of 6.5% per year, compounded daily, find the value of the…

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Q: 58) Ben Franklin bequeathed $4000.00 to the city of Boston in 1790. Assuming the fund grew to $15…

A: Given data is : Principal P=$4000Amount A=$15 million=$15×106Time t=200 years Let the amount of…

Q: The average cost of a 4-year college education is projected to be $110,000.00 in 15 years. How much…

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Q: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

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Q: If $2,000 is invested at 7% compounded monthly, what is the balance after 8 years? $3,601.84…

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Q: If $20,000 is invested at an interest rate of 6% per year, compounded semiannually, find the value…

A: The principal is $20,000 and the rate is 6% per year, compounded semiannually. As the interest is…

Q: If $10,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

A: Topic- compound interest

Q: How much money would you need to invest today at 6% interest compounded quarterly to have 5,387.43…

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

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Q: 6. Suppose you want to have $12,450 in an account 16 years from now, and the APR is 2.3%. (a) If…

A: A=$12450 r=2.3% =0.023 t=16 years  n=4 (quarterly ) A=P(1+r/n)^(n*t)

Q: If $1500 is invested at an interest rate of 5.75% per year, compounded quarterly, find the value of…

A: To calculate the value of the investment (where the interest is compounded) for different time…

Q: At what normal interest rate compounded quarterly will a certain amount of money be equal to 1.5…

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Q: How much more would you earn in the first investment than in the second investment? $52,000 invested…

A: topic -  compound interest

Q: Mr. and Mrs. Thomas hope to send their son to college in 11 years. How much money should they invest…

A: Given problem:- Mr. and Mrs. Thomas hope to send their son to college in 11 years. How much money…

Q: An investment of $23,400.00 earns 11% annual interest, compounded continuously. If no funds are…

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Q: investor bought stock for ​$20,000. Fourteen years​ later, the stock was sold for ​$30,000. If…

A: Given query is to find the rate of interest.

Q: If $20,000 is invested at an interest rate of 2% per year, compounded semiannually, find the value…

A: Here the given  Principle amount P=$20,000 And the interest rate r=2%=0.02 and n=number of…

Q: If $175,000 is invested at a rate of 8%per year compounded continuously, find value of the…

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Q: years

A: Compounded quarterly, i.e. 4 times every year,    Investment  =  $1400  Rate  =  3.75%  =  0.0375…

Q: If $10,000 is invested at an interest rate of 3% per year, compounded semiannually, find the value…

A: If $10,000 is invested at an interest rate of 3% per year, compoundedsemiannually.Our Aim is to find…

Q: If $300 is invested at a rate of 6% per year and is compounded quarterly, how much will the…

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Q: a.) What will an investment of 30 000 Euros at 5.6% p.a. interest compounded annually amount to…

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Q: How much money should be invested at a rate 2% compounded semi-annually to produce a future value of…

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Q: When your first child is born, you begin to save for college by depositing $300 per month in an…

A: Given- Monthly payment (R)=$300 Interest (i)=13% =0.13 Time(n)=18 years No, of payments in a year=12…

Q: Question 3 At what nominal interest rate compounded quarterly will a certain amount of money be…

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

A: For continuously compounded interest A=Pert where, A= Amountr= rate of interestt=time in year

Q: Ali Williams invests a $25,000 inheritance in a fundpaying 5.5% per year compounded continuously.…

A: Given, Ali Williams invests $25,000 Rate of interest Compounded continuously=5.5% per year

Q: How much money should you invest now in order to have $70,000.00 in 26 years? Assume that the money…

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Q: How much money should be invested in an account that earns 9% interest, compounded quarterly, in…

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Q: If investment A has continuously compounded interest and an annual return of 2%, and Jane has $100…

A: To find how much money she have after 8 years if she had 100 dollars after 5 years.

Q: Find the balance of $1000 is interested at an annual interest rate of 10% per 2 years compounded on…

A: Express the compound interest formula. A=P1+rnnt Here, A is the amount, r is the interest rate, P is…

Q: If you deposited $14,000 into an account that compounded interest continuously at a 3.2% rate, how…

A: Given: Principal amountP=$14000, interest rater=3.2% and time periodT=3years We know that final…

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

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Q: Find the amount of time required to double an amount at 5.84% if interest is compounded…

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Q: How much should be deposited in an account payıng 5% interest in order to have a balance of $12,000…

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Q: When your first child is born, you begin to save for college by depositing $400 per month in an…

A:

Q: For the 2009 fiscal year, Lowe's Companies, Inc. reported an annual net income of $48,230,000.…

A: Given: For the 2009 fiscal year, Lowe's Companies, Inc. reported an annual net income of…

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 =…