In 1855, a person sold a house to a lady for $24. If the lady had put the $24 into a bank account paying 6% interest, how much would the investment have been worth in the year 2010 if interest were compounded in the following ways? a. monthly b. continuously

Q: A newborn child receives a $15,000 gift toward a college education from her grandparents. How much…

A: The gift amount receieved, P=$15000

Q: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

Q: Tommy has $4,000 in a savings account that earns 13% interest, compounded annually. To the nearest…

A:

Q: A local bank advertises that an account at 9.5% interest yields 9.64% annually. How often is the…

A: Let's solve compound intersect sum.

Q: What is the rate on an investment that doubles $9916 in 20 years? Interest is compounded quarterly.

A:

Q: $25,000 is deposited into an account that pays 6.75% interest compounded continously. How long will…

A:

Q: Find the total amount of interest to the nearest cent if the interest is compounded annually. $2750…

A:

Q: an

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Q: Edmond has $6,915 in a savings account that earns 8% interest, compounded annually. To the nearest…

A:

Q: If you invest $2,593 compounded annually at 8.5%, how long will it take to double your investment?

A:

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

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: At age twenty six , Dick shoemaker desposited 2,000 into an IRA , where it earns 3% compounded…

A:

Q: How long will it take P1000.00 to amount P1,346.00, if invested at 6% compounded quarterly.

A:

Q: Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly. How much money…

A: Given problem:- Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly.…

Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: How much will $12,700 become if it earns 8% annual interest, compounded quarterly, for 60 years?

A:

Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

A:

Q: Darnell deposts $4000 in a bank account which pays 13.39% interest compounded monthly.  How many…

A:

Q: O $30,000 is invested at 6% interest compounded quarterly, Using the formula A= P(1+)nt determine…

A: A=31500$

Q: Determine the amount of money, to the nearest dollar, you must invest at 6% per year, compounded…

A:

Q: If you want to accumulate $ 28,000 in 5 years to purchase a car, how much you need to invest today…

A:

Q: A car is purchased for $38,500. If it is sold 7 years later for a price of $22,000. At what yearly…

A: Consider the provided question, Given, Principal (P) = $38,500 Amount(A) after 7 years = $22,000…

Q: Warren has $40 in a savings account that earns 10% interest, compounded annually. To the nearest…

A:

Q: If you invest $1147 compounded annually at 8.5%, how long will it take to double your investment?…

A:

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

A:

Q: How much will P54,200 be in 24 months at 4% compounded monthly?

A:

Q: How much money needs to be invested now to get​ $2000 after 4 years at​ 8% compounded​ quarterly?…

A: Let's find.

Q: How much will an investment of $5,000 be worth in 8 years if it earns 2.2% in annual interest…

A:

Q: Ms. Roberts decided to invest some money in an insurance company with an interest rate of 9%…

A: Given that interest rate is 9%. The formula for calculating compound interest is given by, A= P(1+…

Q: Michael invested $50,500 in an account with an interest rate of 4.5% that was compounded annually.…

A: The amount for the compound interest is given by the formula as follows A=P1+rnnt where P is the…

Q: Billy starts a new savings account with $4,000. How much money does Billy’s account have if it gains…

A: Find the amount after 5 years with different term

Q: In how many years will $ 1800 amount to $ 2178 at 10% per annum when compounded annually? ANSWER…

A:

Q: If a bank pays 3% compounded monthly, how much should be deposited now to have $1400 : a) 7 years…

A: Compound interest is given by A=P1+rnnt Given A=$1400, r=3%=0.03, n=12, and t=7…

Q: Rowan invests $600 into an account with a 2.9% interest rate that is compounded quarterly. How much…

A: Given p=$600, r=2.9% (r=0.029), t=5 years  for compounded quarterly n=4

Q: If you invest $1200 in an account paying 9% compounded continuously, how much money will be in the…

A:

Q: A newborn child receives a $8000 gift toward a college education from her grandparents. How much…

A: Topic = Algebra

Q: For an interest rate of 1% per 2 months, determine the number of times interest would be compounded…

A: Compounding period: The period between the points at which the interest is added to the account.

Q: A loan of $42,000 is made at 8.75% interest, compounded annually. After how many years will the…

A:

Q: nearest

A: Please refer to the image below

Q: Bill invests $7,500 in an account with 7.2% interest that is compounded twice a year. How much is in…

A: The formula for the amount for the compound interest is given by formula is given by  A=P1+rnnt…

Q: interest

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Q: A 3% compounded bi-monthly has an equivalent rate of 1.508%,how many times does it pay every year? O…

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Q: How much will you need to put away to get 1500 after 13 years at 9% compounded monthly?

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Q: How many years will 100 000 earned a compound interest of 500 000 if the interest rate is 9%…

A:

Q: A credit card had an APR of 23.83% all of last year and compounded interest monthly. What was the…

A: GIVEN   APR = 23.83%   COMPOUNDED MONTHLY  MEANS  n = 12 EFFECTIVE INTEREST = ?

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

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Q: If you want to accumulate $ 28,000 in 5 years to purchase a car, how much you need to invest today…

A:

Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 12%…

A: THE COMPOUND INTEREST FORMULA Compound interest can be calculated using the formula…

Q: When he was 12, Brian put $250 into a savings account with a 2.5% annual interest rate. Now that he…

A:

Differential Equations

Have you ever observed the movement of the satellites and rockets or how the planets go around the sun in their orbits? How will you determine their motion? Definitely they follow some scientific laws and these kinds of problems are framed as differential equations.