Stan invests $7,500 at age 16. He hopes the investment will be $15,000 when he turns 22. If the interest compounds continuously, approximately what rate of growth willl he need to achieve his goal?

Q: Kimi invests $4,000 at 3% interest compounded continuously. How much money will she have in 4years?

A: Given principal(p)=$4000Interest rate(r)=3%=0.03time(t)=4 yearssince the amount is compounded…

Q: Joanna deposited $ 3500.00 in an account that pays 4% annual interest, how long does it take to…

A: Use the formula as A=P1+r100t where, A=AmountP=Principalr=ratet=time

Q: Kyle investes in an account earning 8% interest compound continuously. How long will it take to…

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Q: Biologists stocked a lake with 700 fish and estimated the carrying capacity to be 6300. The number…

A: Dear student you are not provide what are a ,c ,b stand for . We are calculate the value in terms of…

Q: Tara placed $1200 in a savings account which compounds interest continuously at a rate of 1.4%. How…

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Q: Adam puts $800.00 into an account to use for school expenses. The account earns 15% interest ,…

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Q: Suppose you invest $17,000 at age 25 and want the investment to be worth $25,000 when you turn 35.…

A: Given, Amount invested = $17,000 Future value = $25,000 time in years = 10 Used formula, Formula for…

Q: Dale had $1,000 to invest. He has a goal to have $2,700 in this investment in 13 years. At what…

A: (1)Continuously compounded interest formulaA= PertP = the initial principle investede = natural…

Q: Find the time it takes for $6,400 to double when invested at an annual interest rate of 4%,…

A: Given: sum, P=$6,400 r=4%=4100=0.04 We have to find time in which given sum becomes double. So,…

Q: Logan invests $4000 at an annual interest rate of 6%.How much money will she have after 10 years if…

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Q: How long will it take money to quadruple if it is invested at 5% compounded weekly? 6.7% compounded…

A: Let P be the principal amount, t be the period and A be amount accumulated after time t.

Q: Suppose you invest $16,000 at age 25 and want the investment to be worth $25,000 when you turn 35.…

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Q: In 2000 (t=0), the world consumption of a natural resource was approximately 20 trillion cubic feet…

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Q: Hannah wants to have $6000 to help pay for a new deck in 10 years. If she wants to put her money…

A: Time has been valuable in all aspects but in terms of finance, time has a money value. The worth of…

Q: Complete the table to determine the balance A for $13,000 invested at rate r = 7% for t years,…

A: Compound interest = P ert r = 7% = 0.07 P = $13000

Q: Stan invests $8,500 at age 16. He hopes the investment will be $12,500 when he turns 22. If the…

A: Here is the solution.

Q: One thousand dollars is to be invested in a bank for 4 years. Would 8% interest compounded…

A: To find the amount of semiannual compound interest, use the formula, A=P1+rnnt and substitute P with…

Q: Sung Lee invests $8,000 at age 18. He hopes the investment will be worth $24,000 when he turns 30.…

A: I am going to solve the given problem by using some simple algebra to get the required result of the…

Q: The amount of money in an account grows exponentially according to the function A(t)=A0ekt. If the…

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Q: Tessa invests $5600 in a new savings account which earns 3.9% annual interest, compounded…

A: From the given data:

Q: Mary invested her $42, 000 bonus in an account earning 7.2% annual interest that is compounded…

A: We know that formula for compound interest is Given:  A=3×Principal balance = $126000 P=$42,000;…

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: How long it will take for an investment of 1000 dollars to double in value if the interest rate is…

A: Given: The initial value is $1000, the future value is $2000, and the interest rate is 8.5% per…

Q: An investment grows from $10,240 to $10,700.80 in one year. If the investment continues to grow at…

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Q: You have an investment of $22,400.00 that you want to double in 11 years. If interest is compounded…

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Q: Lea invests $8,333 in a savings account with a fixed annual interest rate of 8%. What will the…

A: According to questionInitial balance (p) = $8,333Interest rate (r) = 8%Time (t) = 12 yearIt is given…

Q: Sue puts $6000 in an investment account that earns 4% annual interest compounded continuously.  When…

A: Here, rate, r=0.04 initial investment, P=6000 Final investment, A=20,000

Q: Larry has $1600 to invest and needs $2700 in 17 years. What annual rate of return is required for…

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Q: Stan invests $5,000 at age 18. He hopes the investments will be worth $10,000 when he turns 25. If…

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Q: Say you have placed 10,000 pesos in your bank account that pays 4% interest, compounded…

A: The continuous compounding formula is, A = Pert  where, P is the initial amount A is the final…

Q: Complete the table to determine the balance A for $13,000 invested at rate r= 7% for t years,…

A: Principal amount = $13000 Interest rate = 7% = 0.07 Time = t years Compound interest compounded…

Q: he average interest rate for a savings account in 2021 is 0.4% compounding continuously. How long…

A: Please refer to the image below

Q: Is y=2^x an exponential function?

A: The objective of the question is conformation about function.

Q: The population of the world in 1987 was 5 billion and the annual growth rate was estimated at 2…

A: Given query is to find the population of the world after 5 years.

Q: Jace invested $380 in an account paying an interest rate of 6.2% compounded continuously. Assuming…

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Q: In​ 2000, the population of a city was 80,000. The population had grown to 127,000 by 2013. If the…

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Q: Hannah wants to have $ 7500 to help pay for a new deck in 10 years. If she wants to put her money…

A: Given Future value =7500 r= 0.085 t=10 years

Q: Teri invested $1500 in an account with an interest rate of 2.25% compounded continuously. How long…

A: Initial investment=$1500 Rate of interest=2.25% We need the time in which the earnings will be $5000

Q: Find the balance if P50 , 000 is invested at an annual rate of 10% for 5 years compounded…

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Q: Biologists stocked a lake with 300 fish and estimated the carrying capacity to be 9400. The number…

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Q: Dale has $1000 to invest. He has a goal to have $2500 in this investment in 11 years. At what annual…

A: Given: Dale has $1,000 to invest. He has a goal to have $2,500 in this investment in 11 years. Find…

Q: Mai invests $20,000 at age 20. She hopes the investment will be worth $500,000 when she turns 40. If…

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Q: Dennis deposits $10,000 in a savings account that earns 2.88% annual interest, compounded…

A:

Q: A lab culture initially contains 500 bacteria. Two hours later, the number of bacteria decreases to…

A: Given: B(0)  = 500, B(2) = 200, B = B0akt

Q: Suppose you invest $14,000 at age 25 and want  the investment to be worth $25,000 when you turn 35.…

A: Given: Amount invested = $14,000 Number of years = 10 years Amount after 10 years = $25,000   To…

Q: In 1990 (t = 0), the world use of natural gas was 74709 billion cubic feet, and the demand for…

A: Explained below

Q: In​ 2000, the population of a city was 75,000. The population had grown to 108,000 by 2010. If the…

A: Let t= number of years after 2000So, for 2010 , t= 2010-2000=10And for 2024 , t= 2024-2000=24

Q: An investment grows from $10,240 to 10,700.80 in one year. If the investment continues to grow at…

A: We will find out the required value of the time.

Q: Kinsey has invested $28,000 into an account that pays 9% compounded continuously. How long will it…

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Q: Joshua is going to invest $490 and leave it in an account for 5 years. Assuming the interest is…

A: Solution:-