Over an 8 year period, Mark's investment rose from $12,000 to $27,500. Assuming continuous compounding, what was the average annual interest rate?

Q: Find the nominal interest rate compounded daily that corresponds to an effective rate of 4 %- 4

A: Effective interest rate=1+rnn-1

Q: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

Q: How long will it take an investment of $4000 to grow to $10000 if it is invested in an account that…

A: Topic = Algebra   A=P1+rnntA=Final amountP=Principalr=rate of interestn=1 for anuallyt=time

Q: What rate of interest compounded annually is required todouble an investment in 6 years?

A: We know that, A=P1+rnnt         ...(1) Where A =  final amount. P = Initial principal balance r =…

Q: A 25-year-old places a continuous stream of $4,000 per year into a retirement account which has a…

A: Given that a 25-year-old places a continuous stream of $4,000 per year into a retirement account…

Q: The........................................ is the equivalent annual simple interest rate that would…

A: Solution:GivenThe........................................ is the equivalent annual simple interest…

Q: Find the amount that results from the given investment. $700 invested at 4% compounded daily after a…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: What interest rate, to the nearest percent, is required for an investment subject to continuous…

A:

Q: The average cost of a 4-year college education is projected to be $120,000.00 in 18 years. How much…

A:

Q: Leigh Jacks plans to invest $500 into a money market account. Find the interest rate that is needed…

A: By using the formula                  A=P1+rmmt Where          P= $500A=$1200t=14

Q: The doubling time of an investment with continuous compound interest is 12.5 years. If the…

A:

Q: Determine the rate that represents the better deal. What rate of interest compounded annually is…

A:

Q: Determine the rate that represents the better deal.What rate of interest compounded annually is…

A: Given: Total time period t=3 years   Let: Investment amount=PRate of interest compounded anually=r %

Q: Find the amount that results from each investment. $600 invested at 5% compounded daily after a…

A:

Q: What will a $90,000 condominiumcost 5 years from now if the price appreciation for condos overthat…

A: To find: The price for condos after 5 years from now: Given: The principle price is $90000 and  rate…

Q: How long was ₱30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

A: Given, P= 30,000 A= 50,000 r=8.25%=0.0825 n=12(compounded monthly)

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: What is the nominal rate of interest if 4,000 accumulates to 10,000 in 8 years with interest…

A:

Q: A farm purchased in 2000 for $1 million was valued at $3 million in 2010. If the farm continues to…

A: Given that A farm purchased in 2000 for $1 million was valued at $3 million in 2010. If the farm…

Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: The initial investment is $1000 and the annual rate is 12%. The interested is compounded annually.

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

A:

Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: To Determine:  Complete the table for a savings account in which interest is compounded…

Q: Find the time required for an investment of 5000 dollars to grow to 6600 dollars at an interest rate…

A: An investment of 5000 dollars to grow 6600 dollars at an interest rate of 7.5 percent per…

Q: What interest rate, to the nearest tenth of a percent, is required for an investment subject to…

A: we have to use the formula for compound interest to find interest rate, to the nearest tenth of a…

Q: For an interest rate of effective 18% per year, compounded monthly, the effective monthly rate is…

A: The effective monthly rate = 18% divided by 12 months = 1.5% per month.

Q: If $1000 is invested in an account earing 4% compounded monthly, how long will it take for the…

A: The compound interest formula in exponential form is

Q: What interest rate, to the nearest tenth of a percent, is required for an investment subject to…

A: Let P be the principal amount.

Q: What interest will be earned if $6600 is invested for 2 years at 10% compounded monthly?

A: Given: The principal amount is $6600. The time duration is 2 years. The rate of interest is 10%…

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

A:

Q: If an investmentof $1000 grew to $13500 in 9 years. what interest rate compounded annually.did this…

A:

Q: Find the amount of a continuous money flow in which $200 per year is being invested at 7.5%,…

A: To find the amount after 25 years

Q: At what rate of simple interest an amount will double itself on 10 years?

A:

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: no given value so i was thinking of doing 1000? =3p a little confused

A: Take the present value as P, so the future value will become 3P. A(t) = P[1+r/n]nt P= present value…

Q: Find the time required for an investment of 5000 dollars to grow to 7300 dollars at an interest rate…

A:

Q: Determine the rate that represents the better deal. What rate of interest compounded annually is…

A: The compound interest formula is A=P1+rnnt, where r represents the rate of interest, p represents…

Q: Determine how much time is requiredfor an investment to double in value if interest is earned at…

A: for monthly compounding: 2 = (1 + .0625/12)^(12t) ln 2 = ln[(1 + .0625/12)^(12t)] ln 2 = 12t ln (1 +…

Q: Find the time required for an investment of $5000 to grow to $8000 at an interest rate of 7.5% per…

A: A=P1+rnntFor compounded quarterly, n=4

Q: Find the amount that results from each investment. $50 invested at 6% compounded monthly after a…

A: We have to find the amount when $50 invested at 6% compounded monthly after a period of 3 years.

Q: Determine the rate that represents the better deal. What rate of interest compounded annually is…

A: To find: The rate of interest compound annually is required to double an investment in 6 years.…

Q: Use the formula for continuous compounding to solve:What interest rate, to the nearest percent, is…

A: A=P ertP is the initial amount or invested amountA is the amount after t years.

Q: The average cost of a 4-year college education is projected to be $410,000 in 15 years. How much…

A: Calculation:From the given, A = $410,000,  r = 7% and t = 15 years and n = 4.Compute the principal…

Q: Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate…

A:

Q: In 1998 the annual cost of attending a public college was $10,069, and the costs were climbing by 6%…

A:

Q: A $50,000 GIC will earn $70,000 of interest over its 10-year term. What is the monthly compounded…

A:

Q: An initial investment of $5000 doubles in value in 6.3 years. Assuming continuous compounding, what…

A: Given Data, P = $5000 t = 6.3 years r = ?

Q: You paid $10,000 for a car whose value is depreciating by 14% per year, compounded annually.…

A: Given,Principle = $10000Interest rate = 14%Time period =3 years

Q: What will a $90,000 house cost 4 years from now if the price appreciation for homes over that period…

A:

Q: Find the time required for an investment of $4000 to grow to $9000 at an interest rate of 6% per…

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