Samuel is going to invest in an account paying an interest rate of 5% compounded continuously. How much would Samuel need to invest, to the nearest dollar, for the value of the account to reach $77,000 in 9 years?

Q: Avery is going to invest $270 and leave it in an account for 20 years. Assuming the interest is…

A: For compounded continuously  A=Pertr = ln(AP)t   Here,  A=$600P=$270t=20

Q: Your plan is to invest now and cash in your investment in 30 years to have $200,000. How much would…

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Q: compounded

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Q: To the nearest penny, how much would you have to invest right now in a fund paying 5% continuously…

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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: how long (in years) would $700 have to be invested at 11.6%, compounded continuously to earn $400…

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Q: Find the time it takes for $6,700 to double when invested at an annual interest rate of 5%,…

A: (a) Given - Original amount=$6,700 Interest rate=5% , compounded continuously. To find - The time…

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

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Q: If you need $20,000 in your bank account in 6 years, how much must be deposited now? The interest…

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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: 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: 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: Find the present value of $57,000 due 15 years later at 8%, compounded continuously.

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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: How long did it take for an investment of $27,500 to grow to at least $30,000 at 2.25% compounded…

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

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Q: Suppose you deposit $1000 in an account that earns 6.2 % compounded monthly. a. How much money will…

A: To calculate the total amount compounded monthly, substitute 1000 for P, 6.2% for r, 12 for n and 5…

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: 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: A retirement savings plan pays 4.5% interest, compounded continuously. How long will it take for an…

A: Given: A retirement savings plan pays 4.5% interest, compounded continuously. To find: Time in which…

Q: Find the time it takes for $8,300 to double when invested at an annual interest rate of 11%,…

A: Since you have asked multiple question, we will solve the first question for you. If youwant any…

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

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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: Joseph invested $16,000 in an account paying an interest rate of 5.7% compounded continuously.…

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

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Q: How long, to the nearest hundredth of a year, would it take an initial principal P to triple if it…

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Q: How long will it take $10,000 to grow to $15,000 if the investment earns an interest rate of 12% per…

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Q: How much money needs to be invested now to get​ $2000 after 4 years at​ 8% compounded​ quarterly?…

A: Let's find.

Q: Find the interest rate needed for an investment of $3,000 to grow to an amount of $4,000 in 9 years…

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

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Q: How much would you have to invest at 3% compounded continuously to make $45000 in 4 years

A: Given: interest=  3% compounded continuously Future amount= $45000 time= 4 years

Q: Evan is going to invest in an account paying an interest rate of 6.1% compounded continuously. How…

A: Evan is going to invest in an account paying an interest rate of 6.1% compounded continuously. How…

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: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

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Q: Upon the death of his aunt, Lucien receives an inheritance of $40,000, which he invests for 13 years…

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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: Mike and Terri estimate that they want to buy a house for $174,000.00, and they need to make a down…

A: Given data:   The given cost of a house is C=$174,000.00. The given percentage of the down payment…

Q: Madison is going to invest in an account paying an interest rate of 5.1% compounded quarterly. How…

A: Let the amount invested in the account be P Final value of amount in the account(A) is $310 Number…

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

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Q: Adrian is going to invest $9,900 and leave it in an account for 10 years. Assuming the interest is…

A: Simply use the formula for compound interest.

Q: would

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

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

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

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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 =…