Jaidee invests $1,966 in a savings account with a fixed annual interest rate of 2.45% compounded continuously. What will the account balance be after 8 years?

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: $600 invested at 5% compounded daily after a period of3 years

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Q: You deposit $5000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: Upon the birth of their first child, a couple deposited $5000 in an account that pays 8% interest…

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Q: an investment of $7740 grows to $9635 in 6 years at continuously compounded interest, what is the…

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Q: The doubling time of an investment with continuous compound interest is 12.7 years. If the…

A: Given is the today's investment =$20,000. Doubling time is 12.7 years. Time given is 5 years. The…

Q: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: If you invest $20,000 at an annual rate of 1% compounded continuously, calculate the final amount…

A: Given, the interest is compounded continuously.

Q: The doubling time of an investment with continuous compound interest is 12.6 years. If the…

A: It is given that, double time of the investment = 12.7 years.Principle amount is $24,000.The number…

Q: Tessa invests $5600 in a new savings account which earns 3.9% annual interest, compounded…

A: From the given data:

Q: What annual rate of interest compounded annually is required to double an investment in 7 years?…

A: The formula to calculate compound interest is A = P ( 1 + r/n )t*n

Q: Hannah invested $540 in an account paying an interest rate of 4.7% compounded continuously. Assuming…

A: Given the interest is compounded continuously

Q: If Hannah places $ 4500 into an account earning 4.5% interest compounded continuously, how much will…

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Q: If $2500 is invested at 3% compounded monthly, find the amount that results after a period of 2…

A: Given : Invested amount : $ 2500  Rate : 3 %  compounded monthly  Time : 2 years

Q: You deposit $5000 in an account earning 3% interest compounded continuously. How much will you have…

A: See the attachment

Q: What is the APY for money invested at each​ rate? ​(A) 66​%compounded quarterly ​(B) 44​%compounded…

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Q: You deposit 4000 in an account earning 4% interest compounded continuously. How much will you have…

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Q: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

A: Given: Deposit =$4000 Interest =2% Period = 5

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

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Q: If Hannah places $ 5500 into an account earning 6% interest compounded continuously, how much will…

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Q: You deposit $6000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: Twenty years ago, Euler deposited $3000 into a college savings account which pays 4% interest,…

A: We can find the current value of the investment as below using continuous  compound interest…

Q: You want to have $300,000 when you retire in 30 years. If you can earn 5% interest compounded…

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Q: Find the balance in an account when $400 is deposited for 11 years at an interest rate of 2%…

A: A=P ertP is the amount deposited.r is the interest rate.t is the time period

Q: You want to have $400,000 when you retire in 25 years. If you can earn 9% interest compounded…

A: Need to find how much money need to deposit into account to reach goal

Q: Jace invested $380 in an account paying an interest rate of 6.2% compounded continuously. Assuming…

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Q: Antonio deposits $9,200 in a savings account that pays 5.5% compounded continuously. How much will…

A: We have to find

Q: You deposit $4000 in an account earning 3% interest compounded continuously. How much will you have…

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Q: Find the balance if $24000 is invested in an account paying 6% interest compounded continuously for…

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Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: Suppose a savings account pays 6% interest per year, compounded once per year. If the savings…

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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: Diego deposited a certain sum of money in a bank 2 years ago. If the bank had been paying interest…

A: For the following problem,

Q: You deposit $5000 in an account earning 6% interest compounded continuously. How much will you have…

A: We know that final amount A=Pert Given, P=Initial amount=$5000           r=rate of interest=6%=0.06…

Q: You deposit $6000 in an account earning 7% interest compounded continuously. How much will you have…

A: We have to find the compound intrest for the money deposited in Bank

Q: A Math 110 student decides to make quarterly payments of $1,000 into a retirement account paying 2%…

A: Given data : Quaterly payments of $ 1,000 i.e P = $ 1,000 x 4 = $ 4,000 ( yearly) rate of interest =…

Q: Find the amount that results from each investment. $700 invested at 6% compounded daily after a…

A: Given: Find the amount that results from each investment.$700 invested at 6% compounded daily after…

Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: You deposit $3000 in an account earning 4% interest compounded continuously. How much will you have…

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Q: In going through some old belongings of his ancestors, Mr. Rakib found papers indicating that they…

A: Amount invested in year 1720 is:  P = $22 Interest Rate:  r = 4.5%

Q: If $100 is invested at 8% compounded monthly what is the amount after 6 years? how much interest is…

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

Q: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

A: You want to have $100,000 when you retire in 10 years. If you can earn 7% interest compounded…

Q: David invested $220 in an account paying an interest rate of 1.7% compounded continuously. Assuming…

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Q: compounded

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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

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

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Q: Daniel deposits $8,000 into a continuously compounding interest account. After 18 years, there is…

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