Suppose that $24,000 is invested at the given interest rates and compounding options. Determine the amount that the investment is worth at the end of t years. (a) 5% interest compounded monthly for 10 yr (b) 4.5% interest compounded continuously for 30 yr

Q: Compute the compound interest. 7) How long will it take for $600 to grow to $26,600 at an interest…

A: for the continuous compound, the formula is  A=Pert A=26600 P=600 r=6.2%=0.062

Q: What is the compound interest if $490 is invested for 12 years at 10% compounded continuously?

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Q: An investment of $41,800 earns 5.1% annual interest, compounded continuously. If no funds are added…

A: The principal amount = P = $41800 Rate = r = 5.1% compounded continuously Time = t = 20 years

Q: Suppose £5000 is invested for five years. Calculate the amount accumulated at the end of five years…

A: given, Invested amount (P)=5000 Time period (t)= 5 years and the interest is compounded contiuously…

Q: How much will a deposit of 5000 taka grow to in 20 years at 6% interest compounded continuously?

A: If the interest is compounded continuously, then the following formula is used. A=Pert , where, A is…

Q: Suppose that $18,000 is invested in a bond fund and the account grows to $23,344.74 in 5 yr. a. Use…

A: Given:Suppose that $18,000 is invested in a bond fund and the account grows to $23,344.74 in 5 yr.

Q: Suppose $25,000 is invested at an annual rate of 8% for 16 years. Find the future value if interest…

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Q: Suppose you invest $17,290 in an account that earns interest at an APR of 3.4%,compounded…

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Q: Find the present value of amount. $26,000 if interest is 3.75% compounded continuously for 7 years

A: Given: $26,000 if interest is 3.75% compounded continuously for 7 years. To Find: The present value…

Q: How much money must be deposited today to become $1800 in 50 years at 7.5% compounded continuously?

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Q: How much money will there be in an account at the end of 6 years if $14000 is deposited at a 5.5%…

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Q: what is the compound interest if $43000 is invested for 5 years at 6% compounded continuously?

A: Given,           The compound interest if $43000 is invested for 5 years at 6% compounded…

Q: Suppose $23,000 is invested in an account with an APR of 5.4%. a. If the interest is compounded…

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Q: What is the compound interest if $460 is invested for 14 years at 6% compounded continuously? (Round…

A: Let the final amount= A Given that principal amount = P= 460 Time=t=14 years interest = r= 6%=0.06

Q: Find the interest rate r needed for an investment of $4000 to grow to $28,000 in 6 years if interest…

A: We will use future value formula to find interest rate

Q: If $2500 is invested at 3% compounded monthly, find the amount that results after a period of 2…

A: Given : Invested amount : $ 2500  Rate : 3 %  compounded monthly  Time : 2 years

Q: Suppose $5,000 is invested at an annual interest rate of 7%. Compute the balance after 10 years if…

A: Given that  Initial amount of investment =$5000 Interest rate = 7% = 7/100 = 0.07 Time (t) = 10…

Q: A sum of $10,000 is invested at an annual rate of 8%. Find the balance in the account after 5 years…

A: Given: P=10,000 and r=8%=0.08, t=5 years, n=4

Q: if $3,500 is invested at an interest rate of 2.75% per year, compounded continuously, find the value…

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Q: What is the compound interest if $48,000 is invested for 5 years at 8% compounded continuously?…

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Q: what is the compound interest if $ 43,000 is invested for 15 years at 8% compounded continuously

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Q: A deposit of $4000 is made in an account that earns interest at an annual rate of 7.5%. Determine…

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Q: A bank offers 59% interest compounded continuously in a savings account. Determine (a) the amount of…

A: We will use continuous compounding and compounding annually formulas to evaluate the given two…

Q: "Find the amount that results from each investment;$1000 invested at 11% compounded continuously…

A: Compounding can be done several times a year for example compounded quarterly the amount is…

Q: A promissory note will pay $51,000 at maturity 12 years from now. If you pay $22,000 for the note…

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Q: find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded…

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Q: If P5,000 is invested now at an interest rate of 9% compounded continuously, how much would be at…

A: As per our guidelines, we are allowed to answer first question only. Thanks   Amount to be invested…

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: . Suppose £6500 is deposited at a nominal rate of interest of 5% per annum. ( icurate: The value of…

A: Let us solve the compound interest problem in the next steps.

Q: Use the continuously compound interest formula A=Pert to approximate the final value of $1500 at…

A: Given  A=PertP=$1500r=0.75%t=8 years.

Q: An account now contains $11,480 and has been accumulating interest at a 7% annual rate, compounded…

A: Continuously compounded interest is interest that is computed on the initial principal, as well as…

Q: Find the amount after 3 years if $1000 is invested at an interest rate of 12% per year, compounded…

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Q: An investment offers 5% interest compounded continuously. What is the amount of interest earned in 1…

A: Solved the give problem using concept of formula of Compound Interest ( C.I. )

Q: Diego deposited a certain sum of money in a bank 2 years ago. If the bank had been paying interest…

A: For the following problem,

Q: checking Homework. Show Work.

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Q: A bank offers 5% interest compounded continuously in a savings account. Determine (a) the amount of…

A: If the interest is calculated continuously then the equation of amount accrued after t years is…

Q: What is the compound interest if $46,000 is invested for 10 years at 8% compounded continuously?…

A: Amount in continuous compound interest: where,

Q: how long will it take to have a final balance of $100,000 if $1,000 is invested at 5% interest rate…

A:

Q: What is the compound interest if $490 is invested for 15 years at 10% compounded continuously?…

A: Principal=$490 Rate of interest =10%                           =10100                          = 0.1…

Q: 7. Suppose you deposit $1000 in an account paying 3% annual interest, compounded continuously. Use A…

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Q: find the value of an investment of $10,000 in 12 years if it earns an annual rate of 3.95%…

A: We have to find the value of an investment of $10,000 in 12 years if it earns an annual rate of…

Q: The interest on a bank savings account is compounded continuously, with an annual interest rate of…

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Q: 3. Find the accumulated amount after 3 years if $2000 is invested at 6.5% per year compounded (a)…

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Q: Find the present value of $51,714.38 due in 8 years at an interest rate of 6%/year compounded…

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Q: Calculate the present value PV of an investment that will be worth $1,000 at the stated interest…

A: To calculate the present value of the investment Given that Time period, T = 13 years Interest…

Q: Find the compound amount and the amount of interest earned by the deposit below. ​$6,000 at 6.54​%…

A: Given that: Principal amount invested =$6000 Rate of interest = r = 6.54% = 0.0654 Time in years = t…

Q: How much money must be deposited today to become $2450 in 60 years at 6.5% compounded continuously?

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Q: How long does it take for an investment to double in value if it is invested at 5​% compounded…

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