Nadav invests $6,000 in an account that earns 5% interest compounded continuously. What is the total amount of her investment after 8 years? Round your answer to the nearest cent.

Q: A principal of $3500 is invested at 5.75% interest, compounded annually. How much will the…

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Q: how long will it take for the amount in the account to reach $12,000?

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Q: A sum of $1000 was invested for 4 years, and the interest was compounded semiannually. If this sum…

A: Compound interest formula is where P is principle amount. A is final amount. r is rate of interest.…

Q: A principal of $2100 is invested at 8.5% interest, compounded annually. How much will the investment…

A: From the given information, it is observed that P = $2100, r = 8.5% = 0.085, and t = 14. Note that,…

Q: A principal of $1800 is invested at 4.5% interest, compounded annually. How much will the investment…

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Q: If you leave $5400 in an account earning 4% interest, compounded daily, how much money will be in…

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Q: A couple needs $50,000 as a down payment for a home. If they invest the $35,000 they have at 12%…

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Q: If $25,000 is invested at 8% compounded quarterly, how long (in quarters) will it be before it grows…

A: Here,S=35,000P=25,000r=0.08 n=4

Q: Jane currently pays a $723 premium for health insurance. If the premium increases at a rate of…

A: P= pert

Q: What rate of interest compounded annually is required to triple an investment in 11 years? The rate…

A: Recall: Compound interest Formula:                 A=P(1+rn)nt ; where A- Amount after t years…

Q: Trinh invested $3800 at an annual interest rate of 8%, compounded annually. How much will she have…

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

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

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Q: Jocelyn invested $56,000 in an account paying an interest rate compounded continuously. Oliver…

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

Q: $1000 is invested at 6% compounded yearly. According to the rule of 72, how many years will it take…

A: We can find the required time period as below.

Q: Brandon invested $41,000 in an account paying an interest rate of 3 % compounded continuously. Evan…

A: Formula for simple compound interest where P is principal amount            r is interest rate…

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: How long will it take to triple the sum of money invested at 12% compounded monthly?

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Q: If you invest $2090 compounded annually at 9.2%, how long will it take to double your investment?…

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Q: If an investment has an interest rate of 3.75%, compare the amount of time it will take for the…

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Q: A principal of $3900 is invested at 5.75% interest, compounded annually. How much will the…

A: Formula for finding the final amount in the account is,      A=p1+rnnt Where A= final amount in the…

Q: At what nominal rate, compounded every 2 months, would $7,000.00 have to be invested to amount to…

A: Compound Interest: The formula for the compound interest is given by, Where A is the final Amount,…

Q: Jocelyn invested $56,000 in an account paying an interest rate of 7% compounded continuously. Oliver…

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Q: A principal of $2600 is invested at 4.25% interest, compounded annually. How many years will it take…

A: Given:- A principal of $2600 is invested at 4.25% interest, compounded annually. To find:- How many…

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

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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: A principal of $3000 is invested at 3.25% interest, compounded annually. How much will the…

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Q: Matthew invested $4,700 in an account paying an interest rate of 3% compounded monthly. Peyton…

A: We have to find the difference between the amount received by Matthew and Peyton.

Q: A principal of $4400 is invested at 6.25% interest, compounded annually. How much will the…

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Q: an

A: Given that : Accounting pay = 7% In-order to calculate the future value factor formula = (1 +…

Q: How much money should be invested monthly at 6% per year, compounded monthly, to have $2000 in 8…

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Q: mr. Gordon plans to invest $300 at the end of each month in an account that pays 12%, compounded…

A: We use annuity formula.

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

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Q: An investment of $2000 grows at a rate of 3% per year, compounded quarterly. How long will it take…

A: topic - compound interest

Q: A principal of  $4300  is invested at  4.5%  interest, compounded annually. How much will the…

A: In Compound Interest Amount of principal (P) after 'n' years @ 'r' rate of interest will be A =…

Q: nearest

A: Please refer to the image below

Q: How long does it take the amount of money in your wallet to triple if it is invested at 7% interest,…

A: Let initial amount = P So, final amount = A= 3P Interest rate= 7%= 0.07  n= number of times…

Q: A principal of $4500 is invested at 6.5% interest, compounded annually. How much will the investment…

A: As per our guidelines we are supposed to answer one question , kindly repost the remaining question…

Q: Joshua invested $99,000 in an account paying an interest rate of 4,% compounded continuously.…

A: Given Joshua invested $99,000 in an account paying an interest rate of 412% compounded continously…

Q: What annual interest rate would allow Karen to double her investment if it is compounded quarterly…

A: The compound interest formula for an initial amount P deposited for a time period of t at a rate of…

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

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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…

Q: How much would you have to invest when you are 20 years old at 9% compounded monthly to end up with…

A: Given that:

Q: Shannon heard that she could triple her money in 11 years if she invested it in a large…

A: We will apply the formula for the compound interest to solve this problem. Here : - T = total money…

Q: Carly wants to invest $1000 in an account that earns 8% interest, compounded quarterly. How many…

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Q: If you invest $1000 at 7% annual interest compounded monthly, how many years will it take for the…

A: let invest amount is P annual rate is r month n =12 years = t amount after t years is A =3000 A =…

Q: If you leave $1400 in an account earning 7% interest, compounded daily, how much money will be in…

A: To find the money  in the account after 4 years.

Q: A couple needs $55,000 as a down payment for a home. If they invest the $40,000 they have at 8%…

A: From the given statement it is observed that, the investment of $40,000 at 8% compounded quarterly…

Q: A principal of $3800 is invested at 8.5% interest, compounded annually. How many years will it take…

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