Vin invested $6800 in an account with continuously compounded interest with a 7.3% interest rate. After 6 years, how much money is in the account? Round your answer to the nearest dollar.

Q: A principal of $3500 is invested at 5.75% interest, compounded annually. How much will the…

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Q: You invest $600 into an account that earns 4% interest compounded monthly. How long until the value…

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Q: Anna invested her savings of $5000 in an account earning 5.7% annual interest that is compounded…

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Q: The purchase price of an acre of land in the Louisiana purchase in 1803 was about 5 cents. Suppose…

A: Given Data: The purchase year of land is: y1=1803 The present year is: y2=2016 The buying price of…

Q: A principal of $4400 is invested at 4.75% interest, compounded annually. How much will the…

A: explanation and solution is given below.....

Q: A principal of $1800 is invested at 4.5% interest, compounded annually. How much will the investment…

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Q: After several years of working, Katy has saved $125,000. If she invests that $125,000 in a savings…

A: Katy has saved money $ 125,000        Invested Money at interest = 4 % per year        Time  =…

Q: Kelsey heard that she could triple her money in 11 years if she invested it in a large…

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Q: Nelson invested 5000 in savings account . If the interest rate is 1.62% how much will be in the…

A: Introduction: The formula of compound interest is given by, A=P1+rnnt Where P is the principal…

Q: Tessa invests $5400 in a new savings account which earns 5.2% annual interest, compounded monthly.…

A: P=$5400,  r=5.2%=0.052,  t=8  &  n=12 compounded monthly.

Q: A principal of $2600 is invested at 4.25% interest, compounded annually. How much will the…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=2600 r=4.25%=0.0425 n=1 for…

Q: Mary needs $25000 for a down payment on a new home. If she invests her savings of $21350 in an…

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Q: A principal of $3700 is invested at 5% interest, compounded annually. How many years will it take to…

A: GIVEN: Principal amount = $3700 Interest rate = 5%

Q: Melanie invests $7600 in a new savings account which earns 4.0% annual interest, compounded monthly.…

A: Given,         Melanie invests $7600 in a new savings account which earns 4.0% annual interest,…

Q: An investment compounded quarterly takes 5 years to double in value. How long will it take for the…

A: An investment compounded quarterly takes 5 years to double in value. How long will it take for the…

Q: In 1940, there were about 10 brown tree snakes per square mile on the island of Guam, and in 2017,…

A: Given: In 1940, there were about 10 brown tree snakes per square mile on the island of Guam, and in…

Q: Timber Inc. invested profits of $165,000.00 in a GIC at 5.77% compounded monthly. How long will it…

A: NOTE: Refresh your page if you can't see any equations. . here we have P=165000 A=226452.44…

Q: Write an equation that models the amount of money in an account that pays 2.5% annual interest,…

A: Write an equation that models the amount of money inan account that pays 2.5% annual interest,…

Q: Zach invested $200 per month in a mutual fund that averaged 9% net growth per year with interest…

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Q: A $15000 investment earns 12.25% interest, compounded semi-annually. Approximately, how long will it…

A: Given: Initial investment = $15000 Accumulated value = 3×15000=45000 Rate of interest compounded…

Q: A principal of $3900 is invested at 5.75% interest, compounded annually. How much will the…

A: Formula for finding the final amount in the account is,      A=p1+rnnt Where A= final amount in the…

Q: Joe invests $3600 in an account earning 7.57% interest, compounded daily. How long will it take for…

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Q: You get $450 after investing $125 for at an annual interest rate of 8% How long will it take to get…

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Q: A principal of $2600 is invested at 4.25% interest, compounded annually. How many years will it take…

A: Given:- A principal of $2600 is invested at 4.25% interest, compounded annually. To find:- How many…

Q: Liz has $80 in a savings account. The interest rate is 5%, compounded annually. To the nearest cent,…

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Q: Mark heard that he could triple his money in 13 years if he invested it in a large business. What…

A: This question is related to compound interest, we will solve it using given information.

Q: Arianna invests $5500 in a new savings account which earns 5.6% annual interest, compounded daily.…

A: Given query is to find the value of investment after 7 years when compounded daily.

Q: A principal of $3000 is invested at 3.25% interest, compounded annually. How much will the…

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Q: Choosing to commute to work by driving a hybrid vehicle will save $280 every six months in fuel. If…

A: Consider the given: If money is worth 7.3% compounded semi-annually, it means that the cost of money…

Q: A principal of $4400 is invested at 6.25% interest, compounded annually. How much will the…

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Q: Fred has $60,000 in a savings account. The interest rate is 15% p year and is not compounded. How…

A: Given, P=$60000 Interest rate, r=15% time, t=812year

Q: 4 years ago, Dillon won some money in the lottery and put it in a bank account that earns 2%…

A: Amount after 4 years (compounded continuously);P(t)=P0 ertP(4)=5000r=0.02t=4P(4)=P0 e0.02*45000 =P0…

Q: Jackie invested $8300 in an account earning 4.75 annual interest that is compounded quarterly. How…

A: Given that:                     Initial money invested, P=$8300Annual rate of interest compounded…

Q: Nancy invested $17200 in an account earning 6.2 annual interest that is compounded quarterly. How…

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Q: A principal of $1600 is invested at 5% interest, compounded annually. How much will the investment…

A: Use the compound interest formula, A=P1+rm Where 'r' is the annual rate of interest, m is the time…

Q: A principal of $3200 is invested at 7.5% interest, compounded annually. How many years will it take…

A: Given: A principal of $3200 is invested at 7.5% interest, compounded annually. The formula used to…

Q: Using the formula: ,  determine how many years, to the nearest hundredth, it will take to double…

A: Formula: A=P1+rnnt where A=The final amount P=Initial principal balance r=interest rate n=number of…

Q: A man initially invested ​$800 in a savings account where interest is compounded annually. If after…

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Q: Maria heard that she could triple her money in 18 years if she invested it in a large…

A: Let the invested amount is = p  Therefore, amount after 18 years is = 3p  Time = 18 years

Q: A principal of $4500 is invested at 6.5% interest, compounded annually. How much will the investment…

A: As per our guidelines we are supposed to answer one question , kindly repost the remaining question…

Q: A couple paid 30000 dollars for a house forty years ago. Today, they sold the house for 250000…

A: We have to use formula of Compounded Annual Growth Rate formula here.

Q: Eva to the nearest cent. invests $9800 in a new savings account which earns 4.1 % annual interest,…

A: Given: Principal p=$9800Rate intertset =4.1%Time t=8 years

Q: Ashley heard that he could triple his money in 12 years if he invested it in a large…

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Q: Shannon heard that she could triple her money in 11 years if she invested it in a large…

A: We will apply the formula for the compound interest to solve this problem. Here : - T = total money…

Q: Jayden has $70 in a savings account. The interest rate is 5%, compounded annually. To the nearest…

A: Topic- compound interest

Q: Carly wants to invest $1000 in an account that earns 8% interest, compounded quarterly. How many…

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Q: Darcy invested $900 in a CD. If the CD grows at a rate of 6% per year compounded annually, when will…

A: To find the time when the $900 invested at a rate of 6% per year compounded annually will double.

Q: Greg invests $13,000 in an account that pays 5.5% interest per year, compounded quarterly. How much…

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Q: Joshua heard that he could triple his money in 27 years if he invested it in his friend's…

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