On the day of a child's birth, a deposit of $20,000 is made in a trust fund that pays 10% interest, compounded continuously. Determine the balance in this account on the child's 23rd birthday. Round your answer to two decimal places. $199, 483.65 $179, 086.05 a b $25, 172.00 d $25, 143.26

Q: Jamie placed $2800 in a savings account which earns 4.3% interest, compounded continuously. How…

A: Answer: 4090 dollar approx

Q: Cynthia invested $12,000 in a savings account. If the interest rate is 6%, how much will be in the…

A: Solution:-

Q: education. He has found a bank that will pay 9 percent interest compounded continuously. How much…

A: Topic:- algebra

Q: its IPO price more than 13 years after the IPO† Suppose that $40,000 invested in Microsoft at its…

A: Given: Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO†…

Q: The population of a country is growing exponentially, doubling every 40 years. What is the annual…

A: Since the population is growing exponentially, we can write the expression for population as a…

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

A:

Q: Round to the nearest penny. Suppose that $15,000 is invested at an interest rate of 7.5%. How much…

A: Compound interest formula : A = P1+rnnt where A = final amount P = initial amount r = rate of…

Q: Carbon-14 decays at a regular exponential rate. The half-life of carbon-14 is approximately 5730…

A:

Q: Starting at age 35, you deposit $2000 a year into an IRA account for retirement. Treat the yearly…

A:

Q: State whether the growth (or decay) is linear or exponential, and answer the associated question.…

A:

Q: Find the amount in the account after $300 is invested for 1 year at 6% compounded monthly. (Enter a…

A: Here, the formula used is: A=P1+rnnt

Q: If you invest $3,500 in an account that pays 2.5% interest rate for 4 years. What is your account…

A:

Q: Resale Value Garland Mills purchased a certain piece of machinery 4 years ago for $500,000. Its…

A: Given, Present value=$500,000 Time period=4 years Future value=$440,000 Let us consider Present…

Q: After receiving his first income, Mr. J invested P20,000 in a bank for his future family. The annual…

A: This question can be solved by applying the concept of compound interest.

Q: omplete the table for an account in which interest is compounded continuously. See Example 3. (Round…

A:

Q: How much money would be in an account if $5, 000 is deposited at 7 % interest compounded…

A:

Q: Julie places a continuous stream of $5, 000 per year into a savings account which has a continuously…

A:

Q: Find how much money needs to be deposited now into an account to obtain $3,900 (Future Value) in 7…

A: We have to find

Q: Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO† Suppose…

A: SOLUTION-

Q: Use the annual compound interest formula A=P(1+r)tA=P(1+r)t to complete this problem. If you invest…

A:

Q: 6) A car bought for $50,000 in 2020 depreciates by 12% per year. Use an exponential function to find…

A: General formula for exponential decay is as below : Where, P = initial value = $ 50,000 r = decay…

Q: quarterly. Gabriel deposits $2,500 into the account. nt where S is the future The account balance…

A:

Q: ou currently have $9,400 (Present Value) in an account that has an interest rate of 8% per year…

A: Solution: The objective is to find the number of years

Q: How much money needs to be deposited now into an account to obtain $1,500 in 12 years if the…

A:

Q: You invest $2500 in an account to save for college. Account 1 pays 6% annual interest compounded…

A:

Q: julie places a continuous stream of $5,000 per year into a savings account which has a continuously…

A: We have to find accumulated value of continous stream of 5000 at rate of 1.1% compounded continously…

Q: Find the time required for an investment of 5000 dollars to grow to 9000 dollars at an interest rate…

A:

Q: Garland Mills purchased a certain piece of machinery 2 years ago for $500,000. Its present resale…

A: To find: The resale value of Certain piece of Machine after 5 years from now: Given: The initial…

Q: Question Cynthia invested $12,000 in a savings account. If the interest rate is 6%, how much will be…

A:

Q: Starting at age 35, you deposit $2000 a year into an IRA account for retirement. Treat the yearly…

A: Given that,

Q: You deposit $3000 in an account earning 5% interest compounded continuously. How much will you have…

A:

Q: years, to the nearest dollar, how much must you deposit now if the interest rate is 6%, compounded…

A: To determinePart a) The accumulated amount of money at end of 2018 at rate of interest 5% compounded…

Q: Microsoft's stock price peaked at 6118% of its IPO price more than 13 years after the IPO† Suppose…

A: We know that, when compounded annually Amount A = P ( 1+r/100) t Given that Amount =1200000…

Q: If $3500 is invested at an interest rate of 5.25 % per year, compounded continuously, find the value…

A:

Q: If you invest $200 into a savings account that earms 4% annual interest compounded continuously, how…

A:

Q: A man invests $2000 in an account that pays 6.5% interest per year, compounded quarterly. (a) Find…

A: Use the below mentioned formula to calculate the unknown A.

Q: Find how much money needs to be deposited now into an account to obtain $7,800 (Future Value) in 10…

A:

Q: Question Jim invested $750 in a 3-year CD that earns 4.2% annual interest that is compounded…

A: Formula:A=PertA= amount of time tr=rate of interestP= initial amountGiven: P=$750    ,…

Q: Complete the table for an account in which interest is compounded continuously. See Example 3.…

A:

Q: A bank features a savings account that has an annual percentage rate of r=5.9% with interest…

A:

Q: Katrina started an account with all the money she received as graduation gifts. The account had an…

A:

Q: Starting at age 30, you deposit $2000 a year into an IRA account for retirement Treat the yearly…

A: To find the final amount of interest

Q: You deposit $3900 in an account earning 6% interest compounded semiannually. How long will it take…

A: We will use the given compound interest formula to solve this question.

Q: An investment of S500 earns an annual interest rate of 6%. How much MORE interest earned in YEAR…

A:

Q: If 5000 dollars is invested in a bank account at an interest rate of 10 per cent per year, Find the…

A:

Q: Complete the table for an account in which interest is compounded continuously. (Round your answers…

A: Given that Annual rate, r = 6%=0.06 amount after 25 years is $3000, so             P(25)=$3000…

Q: The count in a bacteria culture was 400 after 10 minutes and 1400 after 35 minutes. Assuming the…

A:

Q: If $3500 is invested at an interest rate of 5.25% per year, compunded continuously, find the value…

A: (a)Here the principal amount is P = $3500, rate of interest r = 5.25%.Amount after t years which is…

Q: Savings FlybynightSavings.com is offering a savings account that pays 29% compounded continuously.…

A: Given: Interest rate is 29% compounded continuously, Deposit amount $2,000, Time is 5 years. To…

Q: A bank features a savings account that has an annual percentage rate of r = 4.2% with interest…

A: