You have 48,000 saved. How long will it take for that to double in value if it is 10% compounded? a) Continuously b) weekly

Q: Find the effective interest rate per quarter at a nominal rate of 8% compounded (a) weekly, (b)…

A: The effective interest rate is the interest rate on a loan or financial product restated from the…

Q: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

Q: A woman invests 5900$ into an account that pays 6% interest per year, compounded continuoulsy what…

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

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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,…

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

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Q: How much time will be needed for $17,000 to grow to $18,778.58 if deposited at 4% compounded kt…

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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: Find the amount that results from the given investment. $700 invested at 4% compounded daily after a…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: You deposit $4000 in an account earning 5% interest compounded continuously. How much will you have…

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Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: Shemp has inherited $50,000 from a recently deceased long-lost aunt. He invests his newfound money…

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Q: $1000 is invested at 6% compounded yearly. According to the rule of 72, how many years will it take…

A: We can find the required time period as below.

Q: A 20% compounded quarterly has an equivalent rate of 3.9804%, how many times does it pay every year?…

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

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Q: Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly. How much money…

A: Given problem:- Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly.…

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

A: Topic:- algebra

Q: Suppose you deposit $1000 in an account that earns 6.2 % compounded monthly. a. How much money will…

A: To calculate the total amount compounded monthly, substitute 1000 for P, 6.2% for r, 12 for n and 5…

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

A: See the attachment

Q: What is the APY for money invested at each​ rate? ​(A) 66​%compounded quarterly ​(B) 44​%compounded…

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

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

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Q: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: Twenty years ago, Euler deposited $3000 into a college savings account which pays 4% interest,…

A: We can find the current value of the investment as below using continuous  compound interest…

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

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Q: The interest rate for an investment under $4000 is 5.25%, compounded monthly. a) If $3700 is…

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Q: $450 is invested at a monthly rate of 1% and is compounded monthly. What is the value of the…

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Q: Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is 496 compounded…

A: Given problem:- Sarge invested $10,000 per year in his RRSP each year for 20 years. If interest is…

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: Find the value of OMR 20,000 after 4 years invested at a compound annual rate of 6%.

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Q: In how many years will $ 1800 amount to $ 2178 at 10% per annum when compounded annually? ANSWER…

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

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

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Q: Consider an investment where $48,000 is invested for 15 years at 8% compounded continuously. (a)…

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Q: How long will it take to double an investment of 6000 Rials if invested at an interest rate of 6%…

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Q: Suppose Sarah has $6500 to invest. Bank W offers a savings account that earns interest at a nominal…

A: principal amount P = $ 6500 interest rate r = 13%  weekly

Q: t what monthly compounded interest rate does it take five years for an investment to quadruple?

A: Compound interest formula is given by    A = P(1+rn)nt           where P = principal…

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: How much is in an account after 10 years if $1000 is invested at an interest rate of 2.4%/year…

A: (a)Given:

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

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

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Q: How much should be deposited in an account payıng 5% interest in order to have a balance of $12,000…

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Q: We invested $15000 in a project that returns 12% interest compounded annually (yearly). How much…

A: the formula used here, A=p(1+r100)t compund interest(CI)=A-p where, A=amount p=principal invested…

Q: You deposit $5000 in an account earning 8% interest compounded continuously. How much will you have…

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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: 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…