An investment of $3,700.00 earns 19.7% annual interest, compounded continuously. If no funds are added or removed from this account, what is the future value of the investment after 34 years? Round your answer to the nearest penny.

Q: if $300 is invested at an interest rate of 5% compounded quarterly, then the amount after 2 years is…

A: Amount , A= P(1+r/n)nt   where, P= the principle amount             r= rate of interest           t=…

Q: If 10 thousand dollars is invested at an interest rate of 5 percent per year, find the value of the…

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Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A: The given values are as follows.

Q: What is the future value of an account if $10,000 is invested at a rate of 3% compounded monthly for…

A: P=initial amount= 10,000 r=interest rate=3%=0.03 n=number of times compounded in a year= 12 t=number…

Q: When your first child is born, you begin to save for college by depositing $500 per month in an…

A: Given: Amount deposited per month is $500. Thus, the amount deposited per year is $500×12=$6000. The…

Q: An investment of $4,200 earns 7.8% annual interest, compounded continuously. If no funds are added…

A: The solution for the above question is as shown below.

Q: What interest will be earned if $6400 is invested for 4 years at 11% compounded monthly? (Round your…

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

A: In this question, the concept of Compound interest is applied. Compound Interest Compound interest…

Q: If $9,000 is invested at 9.5% compounded continuously, find the future value after 6 years. (Round…

A: "Since you have asked multiple questions, we will solve the first question for you. If you want any…

Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $7,000 in 8 years…

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Q: You currently have $30,000 in your savings account. At what nominal interest rate compounded monthly…

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Q: Find the Future Value if you invest $119,400 at 7.5% compounded continuously for 30 years.

A: given: the amount invested is $119,400. the rate of interest is 7.5%. the time in years is 30. the…

Q: What interest will be earned if $6800 is invested for 7 years at 12% compounded monthly? (Round your…

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Q: What interest will be earned if $6100 is invested for 7 years at 13% compounded monthly? (Round your…

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Q: Paisley is going to invest $28,000 and leave it in an account for 14 years. Assuming the interest is…

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Q: An investment of $24,400.00 earns 12.8% annual interest, compounded continuously. If no funds are…

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Q: An investment of $89,800.00 earns 12% annual interest, compounded continuously. If no funds are…

A: We will compute the future value as following.

Q: What interest will be earned if $6500 is invested for 8 years at 13% compounded monthly? (Round your…

A: The given principal value P = $6500 The given time t = 8 years = 12*8 = 96 months  Interest rate =…

Q: A newborn child receives a $20,000 gift toward a college education from her grandparents. How much…

A: Given that  A baby recives 20000 Interest rate is 7% for 17 years  To find the amount will receive…

Q: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

A: If $8,000 had been invested in a certain investment fund on September 30, 2008, it would have been…

Q: Find the interest rate needed for an investment of $10,000 to grow to an amount of $13,000 in 6…

A: I have appended the formula used in the solution part of the question

Q: A man expects to receive P20,000.00 in 10 years. How much is that money worth now considering…

A: Given problem is : A man expects to receive P20,000.00 in 10 years. How much is that money worth…

Q: When your first child is born, you begin to save for college by depositing $700 per month in an…

A:

Q: An investment of $91,000.00 earns 19.4% annual interest, compounded continuously. If no funds are…

A:

Q: Suppose that you have opened a saving account with an initial deposit of $8,000. The account offers…

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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

Q: If $1000 is invested at an interest rate of 3.5% per year, compounded daily, find the value of the…

A: Given data  Investment P=1000  interest rate r=3.5% =0.035  Compounded daily=n=365  Value of the…

Q: Suppose that Tom invests $10,000 in an account that offers r% annual interest, compounded quarterly.…

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Q: Suppose that you have children young, pay for their college expenses, and finally start saving for…

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Q: If the present value of my investment is $1,000 and the rate of interest is 10% compounded annually,…

A: From the given information, present value of my investment is $1,000 that is P = 1000, the rate of…

Q: What interest will be earned if $6100 is invested for 2 years at 11% compounded monthly? (Round your…

A: Follow next step

Q: An investment of $1,000.00 earns 1.2% annual interest, compounded continuously. If no funds are…

A:

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: Madison is going to invest in an account paying an interest rate of 5.1% compounded quarterly. How…

A: Let the amount invested in the account be P Final value of amount in the account(A) is $310 Number…

Q: Find the future value of $56,780 if it is invested at 2.8%, and compounded continuously for 15 years

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Q: What interest will be earned if $6500 is invested for 2 years at 11% compounded monthly? (Round your…

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Q: If $11,500 is invested at 10% compounded quarterly, how much will this investment be worth in 3…

A: Let P be the amount invested , r be rate of interest compounded quarterly, n be number of periods in…

Q: Find the interest rate needed for an investment of $5,000 to grow to an amount of $7,500 in 10 years…

A:

Q: If $500 is invested at an interest rate of 3.75% per year, compounded quarterly, find the value of…

A: Consider the following information: PrincipalP=$500Rate of interestr=3.75⁒n=4 Compound interest…

Q: What is the future value after 18 years if you deposit $1,000 for your child's education and the…

A: The principal amount deposited is $1000. The number of years the amount is deposited for is 18…

Q: Find the interest rate needed for an investment of $7,000 to quadruple in 7 years if interest is…

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Q: Find the interest rate needed for an investment of $7,000 to grow to an amount of $9,000 in 9 years…

A: We use following equation to get the required interest rate: Here, A = Final amount         P =…

Q: At the end of T years, the future value an an investment of $44,500 in an account that pays 6%…

A: P=$44500 and the future value is more than $109,207. Now the future value is,…

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

A: Use the following formula to calculate amount, as follows: A=P1+r100n

Q: What is the future value if $7,000.00 is invested for 3 years at 8% compounded every 2 months?

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Q: When your first child is born, you begin to save for college by depositing $400 per month in an…

A:

Q: Find the future value if $6000 is invested for 10 years at 7% compounded annually. (Round your…

A: The invested amount is $6000 for 10 years at 7% compounded annually.

Q: An investment of $98,200.00 earns 14.1% annual interest, compounded continuously. If no funds are…

A:

Q: If we invest $4,000.00 in an investment accoint with a 3% APR interest rate, compounded monthly, how…

A: here we have  P=4000 r=3%=0.03 n=12 for monthly compound  t=6 years