Suppose you deposit $800 in an account that pays 4.25% annual interest compounded quarterly for five years. How much more would you have in the account if the interest was compounded continuously? BI

Q: If you make an investment of $2,000 and the interest is compounded continuously at 3%, approximately…

A: There are multiple question. As per company policy ask other question separately. Formula for…

Q: you invest $7,500 in an account paying 8.35% compounded continuously, how much money will be in the…

A:

Q: compounded

A:

Q: w much money does Stewart have to invest at 2.9% interest compounded continuously to have $28,000…

A:

Q: Recently, a certain bank offered a 5-year CD that earns 2.45% compounded continuously. Use the given…

A:

Q: In 1626, Peter Minuit convinced the Wappinger Indians to sell him Manhattan Island for $24. If the…

A: To find accumulated balance in the year 2010 if interest were compounded monthly; Using compound…

Q: Suppose you deposit $800 in an account that pays 4.25% annual interest compounded quarterly for five…

A: A=New balance=? P=Amount invested=$800 r=Rate=4.25%=0.0425 t=Time=5 years n=Number of times it is…

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

A:

Q: Jane currently pays a $723 premium for health insurance. If the premium increases at a rate of…

A: P= pert

Q: You deposit $6000 in an account earning 5% interest compounded continuously. How much will you have…

A: Continuously compounded interest means that your principal is constantly earning interest and the…

Q: How long does it take for a deposit of $800 to double at 9% compounded continuously? How many years…

A: I am attaching image so that you understand each and every step.

Q: In 19 years, Anthony Oaks is to receive $300,000 under the terms of a trust established by his…

A: It is given that, the time period is t=19 years,  Future Value (FV)=$300,000 rate of return…

Q: If $2500 is invested at an interest rate of 4.5% per year, compounded continuously, find the value…

A:

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

A:

Q: You deposit $2000 in an account earning 5% interest compounded continuously. How much will you have…

A:

Q: Suppose $19,000 is invested in an account with an APR of 5.1%. a. If the interest is compounded…

A: NOTE: Refresh your page if you can't see any equations. . P=19000 r=5.1%=0.051 t=10 years

Q: You deposit $5000 in an account earning 4% interest compounded continuously. How much will you have…

A:

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

A:

Q: Assume a savings account had $6000 initially, and that the interest rate per year to be compounded…

A:

Q: You deposit $5000 in an account earning 3% interest compounded continuously. How much will you have…

A: See the attachment

Q: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

A: Given: Deposit =$4000 Interest =2% Period = 5

Q: You deposit $6000 in an account earning 2% interest compounded continuously. How much will you have…

A:

Q: Suppose you invest $1200 at an annual interest rate of 2.3% compounded continuously. How much will…

A:

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

A:

Q: You deposit $5000 in an account earning 5% interest compounded continuously. How much will you have…

A: The accumulated value for interset paid continuously is given by A=Pert. Here, P=$5000,r=0.05 and…

Q: You deposit $3000 in an account earning 7% interest compounded continuously. How much will you have…

A: Let P = $3000 is the principal amount which is initial deposit, r = 7% is the Rate of interest, t =…

Q: Which of the given interest rates and compounding periods would provide the better investment?(a) 5%…

A: r=5%=0.05, n=2 a). By using compound interest formula, we have A=P1+rnn·t=P1+0.0522t=P1.0252t

Q: Carson invested $2,700 in an account paying an interest rate of 1.6% compounded continuously.…

A:

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: 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: How much money would be in an account if $2, 000 is deposited at 6 % interest compounded…

A: *concept:- compound interest formula.

Q: How long does it take for a deposit of $800 to double at 5% compounded continuously? How many years…

A: Given query is to find the time taken to become the deposit double of its value.

Q: If you invest $1200 in an account paying 9% compounded continuously, how much money will be in the…

A:

Q: You deposit $4000 in an account earning 3% interest compounded continuously. How much will you have…

A:

Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

A:

Q: You deposit $4000 in an account earning 7% interest compounded continuously. How much will you have…

A:

Q: Calculate the amount of INTEREST earned in an account with initial investment of $25,000 in 10 years…

A:

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: You deposit $5000 in an account earning 6% interest compounded continuously. How much will you have…

A: We know that final amount A=Pert Given, P=Initial amount=$5000           r=rate of interest=6%=0.06…

Q: You deposit $6000 in an account earning 7% interest compounded continuously. How much will you have…

A: We have to find the compound intrest for the money deposited in Bank

Q: You deposit $4000 in an account earning 8% interest compounded continuously. How much will you have…

A:

Q: If $20,000 is invested at 2.8% compounded continuously, what is the amount in 5 years?

A: If $20,000 is invested at 2.8% compounded continuously, what is the amount in 5 years?

Q: You deposit $3000 in an account earning 4% interest compounded continuously. How much will you have…

A:

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

A:

Q: Aaron invested $7,500 in an account paying an interest rate of 1.5% compounded continuously.…

A: Continuous compounding formula: - When it is specifically stated in a problem that the amount is…

Q: Recently, a certain bank offered a 10-year CD that earns 11.2% compounded continuously. Use the…

A: Given the following : Compounding interest on CD (r) = 11.2%=11.2100=0.112 Period (t) = 10 years

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

A:

Q: Lucy invested $30,000 in an account paying an interest rate of 6.6% compounded continuously.…

A: given that principle amount invested is p=$30000rule of interest, r=6.6%=0.066time period, t=9 years

Q: Use the formula for continuous compounding to solve:How long, to the nearest tenth of a year, will…

A: Given: Principal=$50,000Amount(A)=$150,000    TripleAnnual interest rate(r)=7.5%=75100=0.075Time in…

Q: balance

A:

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.