In the year 1977 a new house was appraised at $182000. According to the CPI data, how much should a new duplicate house cost in 2014? Round to the nearest dollar.   Sally invests $15100 in an account that pays an APR of 4.9% compound interest that is compounded continuously.What is the balance after 15 years? Round to the nearest dollar.

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A: P= pert

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Q: If $900 is deposited in an account paying 9 % annual interest, compounded continuously, how long…

A: We can find the time as below.

Q: What interest will be earned if $6700 is invested for 2 years at 10% compounded monthly? (Round your…

A: Given

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

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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

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A: Recall the following fact.

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Q: nearest

A: Please refer to the image below

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A: Use the following formula to calculate amount, as follows: A=P1+r100n

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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…

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A: amount = P (1+r/n)nt Interest = amount - Principal

Q: If you need $50,000 four years from now, what is the minimum amount of money you need to deposit…

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Q: Lucy invested $30,000 in an account paying an interest rate of 6.6% compounded continuously.…

A: given that principle amount invested is p=$30000rule of interest, r=6.6%=0.066time period, t=9 years