Explain in your own words what the term compound interest means. What does continuous compounding mean?

Q: Please find the present value if the goal investment is $6,400 after 8 years at 8% compounded…

A: The investment goal is the future value (FV), which is $6,400. The formula to find the present…

Q: What will a $130,000 house cost 7 years from now if the price appreciation for homes over that…

A: Given that      Present value = P = $130,000     Interest rate = r = 5% = 5/100 = 0.05       Time =…

Q: Over an 8 year period, Mark's investment rose from $12,000 to $27,500. Assuming continuous…

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Q: What rate of interest compounded annually is required todouble an investment in 6 years?

A: We know that, A=P1+rnnt         ...(1) Where A =  final amount. P = Initial principal balance r =…

Q: Which is better, an account paying 3.7% Interest compounded continuously or an account paying 3.75%…

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Q: A 25-year-old places a continuous stream of $4,000 per year into a retirement account which has a…

A: Given that a 25-year-old places a continuous stream of $4,000 per year into a retirement account…

Q: 4. Describe the difference between simple and compound interest.

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Q: Suppose you see a car with a price of $12,000 that is advertised at $300 per month for 5 years. What…

A: Given: Price of the car=$12000, Payment=$300 per month, time=5 years.

Q: What interest rate, to the nearest percent, is required for an investment subject to continuous…

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Q: Find the accumulated present value of a 11-year $70,000 continuous income stream that has been…

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Q: Suppose that you invest $5,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A: Given: Principle amount (P): $5,000 Rate of interest (R): 6% Time period (t): 5 years Compound…

Q: Find the accumulated present value of an investment over a 8 year period if there is a continuous…

A: We have to find the accumulated present value of an investment.

Q: What annual rate of interest compounded annually is required to double an investment in 7 years?…

A: The formula to calculate compound interest is A = P ( 1 + r/n )t*n

Q: find what simple interest rate will be necessary for sonny to get a 50% return on a $500 investment…

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Q: 73. Explain in your own words what the term compound interest means. What does continuous…

A: Compound interest (or compounding interest) is interest calculated on the initial principal, which…

Q: Describe the difference between simple and compound interest.

A: We will find out the required solution.

Q: At what simple interest rate will an amount of money double itself in 10 years?

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Q: Write the equation for determining the effective interest of continuous compounding?

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Q: A sum of $10,000 is invested at an annual rate of 8%. Find the balance in the account after 5 years…

A: Given: P=10,000 and r=8%=0.08, t=5 years, n=4

Q: What monthly compounding nominal interest rate is earned on an investment that doubles in 10 years?…

A: We have to find the interest rate.

Q: Determine the interest rate required for an investment of $1500 to be worth $1800 after 3 years if…

A: The formula for the amount when the interest is compounded quarterly is A=P1+r41004t.

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: VA family has $16,000 saved for college tuiton. They will'need $l04,000 for college expenses five…

A:

Q: What interest rate, to the nearest tenth of a percent, is required for an investment subject to…

A: we have to use the formula for compound interest to find interest rate, to the nearest tenth of a…

Q: What interest rate would be necessary for $9,400 investment to grow to $13,200 in an account…

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Q: What is the formula for compounded interest and how do you work out a problem

A: The aim is to find the formula for compund interest and teh way to work out.

Q: If an investmentof $1000 grew to $13500 in 9 years. what interest rate compounded annually.did this…

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Q: At what rate of simple interest an amount will double itself on 10 years?

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Q: When it comes to investing, simple interest is better since it allows funds to grow at a faster rate…

A: The concept of Simple & Compound Interest is based on Percentages. When a sum of money is lent…

Q: Suppose that you invest $7,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A: Amount=P1+r100tcompond quarterly t become t/4 and r become…

Q: What is the value of an investment of $3,500 after 2 years if it earns 1.5% compounded quarterly?

A: Compounded interest for an investment of P done for a period of t years at an interest rate of r…

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: At what rate is the account growing?

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Q: You have an interest rate of 7.25% compounded 2 times per year on an investment. What percentage is…

A: We need to find percentage added per period.

Q: Determine the rate that represents the better deal. What rate of interest compounded annually is…

A: we have to determine the rate that represents the better deal representing the given situation. Rate…

Q: What is the relationship between the geometric average rate of return and compound interest?

A: The geometric average return formula (also known as geometric mean return) is a formula for…

Q: Compare the final amounts at the end of a year of $100 invested at 5% in two ways: simple interest…

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Q: Should t be 20, because it is compounding interest and the number of compounding periods per year…

A: We are answered according to the original question.

Q: What annual interest rate compounded continuously is equivalent to 15% compounded quarterly?

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Q: A money market account of $800 earns 3.0% interest compounded quarterly. What is the equation?

A: Given that principal (P)=$800annual interest rate (r)=3%=3100=0.03number of times compounded per…

Q: A retirement account is opened with an initial deposit of $8,500 and earns 8.12% interest compounded…

A: Given: A retirement account is opened with an initial deposit of $8,500 and earns 8.12%. t=20 years…

Q: Suppose that $8000.00 was invested in a savings account that paid 2.5% interest compounded…

A: Given $8000.00 was invested in a savings account that paid 2.5% interest compounded quarterly.We…

Q: Question 2 What is the present equivalent of 18,000S to be received by Mlkw in 15 years when…

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Q: What is interest?

A: Interest, in finance and economics, is the payment from a borrower or deposit-taking financial…

Q: What will a $90,000 house cost 4 years from now if the price appreciation for homes over that period…

A:

Q: Suppose that you have $5000 to invest. Which investment yields the greater return over 5 years: 5.5%…

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Q: What is the formula for calculating growth rate?

A: The formula of the growth rate is defined as:

Q: suppose you invest $6000. Which investment yields the greater return over 4 years 8.25% compounded…

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Q: Which of the given interest rates and compounded periods would provide the best investment? Explain…

A: Consider the given interest rate of the investment  r=2.5%  per year Then, the amount A compounded…

Limits

When it comes to calculus, limits are considered to be a very important topic of discussion. The main importance of limit lies in expressing the value of a function as it gets closer to a certain value. Also, limits can help you to understand other topics, such as continuity and differentiability better. In a broader sense, every calculus notion is a limit. Other branches of calculus have also been derived from limits.