Lena wants to buy a bond that will mature to $6000 in eight years. How much should she pay for the bond now if it earns interest at a rate of 2.5% per year. compounded continuously? Do not round any intermediate computations, and round your answer to the nearest cent.

Q: How long will it take $12,000 to grow to $15,000 if the investment earns interest at the rate of…

A: We can solve the problem by following steps.

Q: How long will it take an investment of $5000 to double if the investment earns interest at the rate…

A: We are given: Initial investment (P) = $5000 Accumulated amount (A) = $10000 ( Since we need…

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

A: Given

Q: Justin wants to buy a bond that will mature to $6000 in eight years. How much should he pay for the…

A: topic - exponential function

Q: Avery invested $21,000 in an account paying an interest rate of 3.3% compounded continuously.…

A: GIVEN Principal , P = $21000\ Amount , A = 29200 Rate , r = 3.3% = 0.033 For continuously…

Q: Dylan is going to invest in an account paying an interest rate of 4.1% compounded continuously. How…

A: topic - exponents

Q: How long will it take $4000 to grow to $8500 if the investment earns interest at the rate of 11%…

A:

Q: Taylor invested $11,000 in an account paying an interest rate of 3.5% compounded continuously.…

A: We will find out the required value.

Q: Melanie invested $9,800 in an account paying an interest rate of 4 1/2​% compounded quarterly.…

A: Follow the procedure given below.

Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 8 years…

A:

Q: One hundred shares of a technology stock were purchased on January 2, 1990, for $1200 and sold on…

A:

Q: How long will it take an investment of $4000 to double if the investment earns interest at the rate…

A: We will find how long will it take an investment to double as following.

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: Melissa wants to buy a bond that will mature to $5000 in six years. How much should she pay for the…

A: The answer is found in step-2

Q: If $21.000 is invested in a savings account offering 4.5% per vear, compounded semiannually, how…

A:

Q: Amy wants to buy a bond that will mature to $5500 in eight years. How much should she pay for the…

A: Consider the following formula of compound interest compounded continuously: Pt=P0ert…

Q: How long will it take for a deposit of $3000 to grow into $10,000 at 8.4% compounded yearly

A:

Q: How long (in years) will it take $4,000 to grow to $6,000 if the investment earns interest at the…

A: Given, Initial Value P=$4000 Future Value A=$6000 Rate of interest r=3%=0.03 compounded monthly Time…

Q: If $400 is invested at an interest rate of 2.5% per year, find the amount of the investment at the…

A: Explanation: Given that: Principal(P) = $400 Rate(r) = 2.5% or .025 per year Concept: 1. A=P1+rnnt…

Q: Jackson invested $4,200 in an account paying an interest rate of 9 1/2 % compounded continuously.…

A: Jackson invested $4,200 in an account paying an interest rate of 9 1/2 % compounded continuously.…

Q: A building was bought for $150,000 and sold 10 years later for $400,000. What interest rate…

A: given: A building was bought for $150,000 and sold 10 years later for $400,000. we have to determine…

Q: how many years will it take for an initial deposit of p dollars to double if interest is compounded…

A: Given,           The initial deposit is p dollars and the rate of interest is 3%.

Q: Peyton is going to invest $71,000 and leave it in an account for 18 years. Assuming the interest is…

A:

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: How long will it take $14000 to grow to $16000 if it is compounded quarterly at a rate of 3.1%?…

A:

Q: Find the interest rate needed for an investment of $9,000 to grow to an amount of $9,900 in 3 months…

A: Step 1Amount = $9900, Principle = $9000n = Compounded monthly = 12 months in a yeart = 3 months =…

Q: At what rate per cent per annum will $ 4000 amount to $ 4410 in 2 years when compounded annually?…

A: We have to find

Q: Find the value of $30,000 invested for 4years at 15.3% interest if the compounding is done…

A:

Q: If P5,000 is invested now at an interest rate of 9% compounded continuously, how much would be at…

A: As per our guidelines, we are allowed to answer first question only. Thanks   Amount to be invested…

Q: 4. How many years will it take for 500.00 to grow to P1,051.82 at 10 percent compounded annually

A:

Q: At what nominal rate compounded quarterly would $20,000 have to be invested to amount to $26,425.82…

A:

Q: Carson invested $2,700 in an account paying an interest rate of 1.6% compounded continuously.…

A:

Q: Nathan invested $80,000 in an account paying an interest rate of 6% compounded continuously.…

A: The formula for the amount if the interest is compounded continuously is  P = P0ert where Pis the…

Q: John wants to buy a new sports car, and he estimates that he'll need to make a $4,550.00 down…

A:

Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $6,600 in 9 months…

A: A=P1+rnnt P is the amount invested. r is the rate. t is the time A is the amount after t years.

Q: Brayden now has $2,500 in her CD, which has compounded continuously over a period of 12 years. She…

A: Given: Principle amount: (P)=$1,800  Amount after 12 years A=$2,500 Rate of interest=? The formula…

Q: How long would it take for $400 to grow to $2900 if the interest is 6%, compounded quarterly? Round…

A: use the formula A=P1+rnnt since, the interest is compounded quarterly, take n=4 2900=4001+0.0644t…

Q: Carter is going to invest $79,000 and leave it in an account for 12 years. Assuming the interest is…

A: Simply use the formula for compound interest.

Q: Kevin wants to buy a bond that will mature to $4500 in nine years. How much should he pay for the…

A:

Q: Mariah is investing $40,000 in a bond that pays 2.3% interest compounded continuously. How much will…

A:

Q: Find the interest rate needed for an investment of $7,000 to grow to an amount of $9,000 in 9 years…

A: We use following equation to get the required interest rate: Here, A = Final amount         P =…

Q: Tyler invested $350 in an account paying an interest rate of 4.5% compounded continuously. Assuming…

A:

Q: How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to…

A: Let the amount be A invested with an rate of interest of r= 6.5% = 0.065

Q: A recent college graduate decides to open a credit card in order to pay for their upcoming trip…

A:

Q: Suppose you have $13,000 to invest. Which of the two rates would yield the larger amount in 4 years:…

A:

Q: If $400 is invested at an interest rate of 5.5% per year, find the amount of the investment at the…

A: Hello. Since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

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

A: A = $50000 , R =3% , t=4 years1) Compounded annuallyA =…

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: Ben franklin bequeathed $4000.00 to the city of Boston in 1790. Assuming the fund grew to $15…

A: