The Fogler family deposits $8,500 into a savings account that yields 6.75% interest compounded continuously. If no additional deposits or withdrawals are made, how much money will be in the account after 25 years? Your answer: $227,338.93 $45,950.57 $38,094.36 $38.720.02.

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A: Here,S=35,000P=25,000r=0.08 n=4

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Q: Ben Franklin's gift of $5,000 to New York City grew to $7,000,000 in 200 years. At what interest…

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Q: 2. How many years will it take for an investment to double in value if it earns 5% compounded…

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Q: Suppose that the purchase price of Manhattan in 1626 was recently re-estimated by historians to be…

A: time period t = 2020-1626 t = 394 years p = $40 compounded quarterly n= 4 Formula of CI: A=P(1+rn)nt

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Q: Dylan invested $47,000 in an account paying an interest rate of 4% compounded annually. Assuming no…

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Q: If you invest $3000 at 5% compounded quarterly, how long will it take the account to double in time?…

A: P=3000,  r=5%=0.05,  n=4

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Q: an

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A: We are answered according to the original question.

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Q: How long would it take to double your money in an account paying 6% compounded quarterly?…

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