Answered: The doubling time of an investment with…

The doubling time of an investment with continuous compound interest is 12.7 years. If the investment is worth $20,000 today, how much will it be worth 5 years from now?

Algebra for College Students

10th Edition

ISBN:9781285195780

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter10: Exponential And Logarithmic Functions

Section10.2: Applications Of Exponential Functions

Problem 25PS

See similar textbooks

Related questions

Q: To provide for a future expansion, a company plans to make continuous deposits to a savings account…

A: A differential equation is an equation that usually relates a function with with its derivatives.…

Q: If you invest $500 in an account that has an intrest rate of 4.5% compounding monthly, a) how…

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: Find the interest rate needed for an investment of $4000 to quadruple in 12 years if interest is…

Q: Upon the birth of their first child, a couple deposited $5000 in an account that pays 8% interest…

Q: What rate of interest compounded annually is required to double an investment in 4 years? The rate…

A: Formula used:The simply annual compound interest formula

Q: Which of the given interest rates and compounding periods would provide the best investment? 2% per…

A: Given thatThree different interest rates are as following

Q: If you borrow $8,500 at 4% interest, what is the amount that you will owe in five years if…

A: To find the amount owe in 5 years if compounding continuously :

Q: consider an investment where $43000 is invested for years at 8% compounded continuously? how much…

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

Q: If you invest $20,000 at an annual rate of 1% compounded continuously, calculate the final amount…

A: Given, the interest is compounded continuously.

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

Q: invested

Q: Suppose that $1000 is invested at a 10% interest rate compounded quarterly. b) How many years will…

A: Solution:Giveninvestmentment Amount=$1000 r=0.01To find (a) What will investment be worth after…

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

Q: A depositor places $10,000 in a certificate of deposit which pays 6% interest per annum, compounded…

Q: The doubling time of an investment with continuous compound interest is 12.6 years. If the…

A: It is given that, double time of the investment = 12.7 years.Principle amount is $24,000.The number…

Q: The doubling time of an investment with continuous compound interest is 12.4 years. If the…

A: Topic:- algebra

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: Find the amount that results from each investment $900 invested at 3% compounded semiannually after…

Q: A sum of money doubles itself at compound interest in 15 years. In how many years will it become…

Q: What rate of interest compounded annually is required totriple an investment in 5 years?

A: Suppose the rate is r at which the investment is triple in 5 years compounded annually.

Q: The doubling time of an investment with continuous compound interest is 12.4 years. If the…

A: The doubling time of an investment with continuous compound interest is 12.4 years. If the…

Q: The doubling time of an investment with continuous compound interest is 12.3 years. If the…

Q: Find the present value of a $25,000 annual income stream if it is invested immediately as it is…

A: In the given problem the future value is 25000, the interest rate is 7% and the time period is 15…

Q: If Hannah places $ 4500 into an account earning 7.25% interest compounded continuously, how much…

Q: If $23,000.00 is invested in an account for 30 years. Find the value of the investment at the end of…

A: Solution: From the given information, invested amount is $26,000, interest rate is 7%, compounded…

Q: If Hannah places $ 5500 into an account earning 6% interest compounded continuously, how much will…

Q: Find the amount that results from the given investment. $300 invested at 6% compounded quarterly…

Q: (a) How long does it take for an investment to double invalue if it is invested at 8% compounded…

A: a). Given, r=8%=0.08, n=12 Let P be the principal amount. Now, A=P1+rnn·t⇒2P=P1+0.081212t ∵Double…

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: If you make an investment of $2000 and the investment earns a continuous annual interest rate of…

A: If you make an investment of $2000 and the investment earns a continuous annual interest rate of…

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

Q: How many years are required for P1,000.00 to increase to P2,000.00 if invested at 9% per year…

A: Solved below

Q: If $2000 is invested at an interest rate of 3.5% per year, compounded continuously, find the value…

A: Given: If $2000 is invested at an interest rate of 3.5% per year, compounded continuously. To Find:…

Q: Suppose $50,000 is invested at l2% interest compounded monthly. In how many years will it be worth…

A: Given p=$50000 r=12%=12/100=0.12 compoundrd monthly n=12 A=$1, 000,000 t=?

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: If you invest $1700 in an account paying 7% compounded continuously, how much will be in the account…

A: We have the compound maturity formula

Q: If $500 is invested at an interest rate of 3.75% per year, compounded quarterly, find the value of…

A: Consider the following information: PrincipalP=$500Rate of interestr=3.75⁒n=4 Compound interest…

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

Q: How much was invested into Ed's account that was continuously compounded at 3.9% interest for 15…

A: Compound Interest : When the interest charged after a certain specified time period is added to…

Q: Find the amount that results from each investment. $700 invested at 6% compounded daily after a…

A: Given: Find the amount that results from each investment.$700 invested at 6% compounded daily after…

Q: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

A: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

Q: (a) How long does it take for an investment to triple invalue if it is invested at 6% compounded…

A: (a). When interest is compounded periodically then formula for amount is given as: A=P1+rnnt, where…

Q: Find the amount that results from the given investment. $500 invested at 6% compounded quarterly…

A: Given: Principal amount (P) = $ 500 Rate of interest (r) = 6 % = 0.06 Number of years (n) = 2 Time…

Q: d. If the same account and interest were compounded continuously, how much money would the account…

Q: Find the amount that results from the given investment. $500 invested at 4% compounded quarterly…

A: Formula used:Future value formula

Q: Find the amount that results from each investment. $500 invested at 8% compounded quarterly after a…

A: Given, P=$500, r=8%, t=212 years, n=4 The amount is given by the formula,…

Q: If you invest $1,000 at 10% interest compounded every year. a) How long will it be until your…

Q: Ben franklin bequeathed $4000.00 to the city of Boston in 1790. Assuming the fund grew to $15…

Question

The doubling time of an investment with continuous compound interest is 12.7 years. If the investment is worth $20,000 today, how much will it be worth 5 years from now?

Expert Solution