Using either logarithms or a graphing calculator, find the time required for the initial amount to be at least equal to the final amount. $7000, deposited at 8% compounded quarterly, to reach at least $9000 ..... The time required is year(s). (Type an integer or decimal rounded up to the next quarter.)

Q: What rate of interest compounded quarterly will yield an effective interest rate of 7%?

A: Effective interest rate=1+inn-1

Q: If you invest $50,000 at 5% interest compounded continuously, what is the average amount in your…

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Q: Complete the table for an investment subject ton compoundings yearly A=P Amount Invested Number of…

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Q: A passbook savings account has a rate of 5%. Find the effective annual​ yield, rounded to the…

A: Consider the provided question, Given, Interest rate(r)  =  5% = 0.05 Compounded periods = 1000 So,…

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Q: ...* ... .... ....... If you invest $50,000 at 5% interest compounded continuously, what is the…

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Q: percent) Jose invests $7,250, at 8% interest, compounded quarterly for 10 years. Calculate the…

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Q: What interest rate enables an imvestor to obtain a 70% increase in an investment in 2 years if the…

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Q: Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate.…

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Q: If you invest $25,000 at 5% interest compounded continuously, what is the average amount in your…

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Q: Find the effective annual interest rate r (as a percent) of the given nominal annual interest rate.…

A: Consider the provided information, The nominal interest rate is of 1% compounded monthly. Since, the…

Q: Say you have invested $20000 at a yearly interest rate of 19.5% compounded monthly. How many years…

A: Given data : Formula used:

Q: VNBA advertises a savings account that pays 8% nominal interest rate compounded monthly. What is the…

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Q: For an interest rate of effective 18% per year, compounded monthly, the effective monthly rate is…

A: The effective monthly rate = 18% divided by 12 months = 1.5% per month.

Q: Assume that there are no deposits or withdrawals An account now contains $3,640 and has been…

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Q: Complete the table for a savings account in which interest is compounded continuously. (Round your…

A: Given that P = $250, A = $335.21, t = 14 yrs.

Q: Find the effective annual interest rate r ( as a percent) of the given nominal annual interest rate.…

A: Given: Nominal annual interest rate (i): = 7% = 0.07 and compounded monthly (n) = 12   here find the…

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Q: use the formula A = Pert to find the total amount of money accumulated at the end of the indicated…

A: Principle amount P=$15,000rate of interest, r=5.75%time, t=10 years

Q: Enpa A loạn of $46,000 is made at 4.5% interest, compounded annually. After how many years will the…

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Q: When your first child is born, you begin to save for college by depositing $300 per month in an…

A: Given- Monthly payment (R)=$300 Interest (i)=13% =0.13 Time(n)=18 years No, of payments in a year=12…

Q: If you invest $15,000 at 10% interest compounded continuously, what is the average amount in your…

A: This question is about continuous compounding

Q: Ali Williams invests a $25,000 inheritance in a fundpaying 5.5% per year compounded continuously.…

A: Given, Ali Williams invests $25,000 Rate of interest Compounded continuously=5.5% per year

Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily, find the value of the…

A: Given, The initial amount, P=$2500 Rate of interest,r=2.5% Compounded daily,n=365

Q: An account contains $2,000 and has been earning 9% interest, compounded continuously. How much will…

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Q: What is the accumulated value if the money is compounded semiannually? What is the accumulated value…

A: Semiannually Investment: Given that: Investment Amount(P) = 25000$ , Investment Period(t) = 5 years…

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Q: Complete the table for a savings account in which interest is compounded continuously. Initial…

A: Complete the table for a savings account in which interest is compounded continuously. Initial…

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Q: You invest $12,000 at an annual rate of three percent. Find the balance after five years when the…

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Q: Using either logarithms or a graphing calculator, find the time required for the initial amount to…

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Q: Use the compound interest formula to determine the final value of the given amount. $1800 at 10%…

A: We will find the final value that means the amount in the following step

Q: If 31800 dollars is invested at an interest rate of 9 percent per year, find the value of the…

A: SOLUTION-