d. If the same account and interest were compounded continuously, how much money would the account contain after 7 years? in the account after 7 years. With continuous compounding interest, there would be $

Q: How long will it take money to triple if it is invested at the following​ rates? ​(A) 5.2​%…

A:

Q: If $1500 is invested at an interest rate of 5.75% per year, compounded quarterly, find the value of…

A: Here we find the compound interest on investment.

Q: Will invests $2000 in his IRA in a bond trust that pays 9% interest compounded semiannually. His…

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Q: 62. If a couple has $80,000 in a retirement account, how long will it take the money to grow to…

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Q: Recently, a certain bank offered a 5-year CD that earns 2.45% compounded continuously. Use the given…

A:

Q: Recently, a certain bank offered a 10-year CD that earns 2.16% compounded continuously. Use the…

A: We have to find gross amount

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

A:

Q: After how many years will an account have $12,000 if $6,000 is deposited, and the account receives…

A: Topic:- compund interest

Q: QUESTION 4. A rich guy puts $1,000,000 into a bank account that pays 7.3% annual interest,…

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Q: Recently, a certain bank offered a 10​-year CD that earns 2.78​% compounded continuously.   Use the…

A: Given  If $40,000 is invested in this​ CD, how much will it be worth in 10 year  we will evaluate as…

Q: 12. If you deposit $500 in a savings account that earns 4% interest, how much will you have after 10…

A:

Q: If 1700 dollars is invested in an account for 10 years. Find the value of the investment at the end…

A: When a principal amount of $P is invested for time t years at an interest of r% per annum compounded…

Q: if $2000 is invested at an interest rate of 6.5% per year, compounded daily, find the value of the…

A:

Q: Suppose $19,000 is invested in an account with an APR of 5.1%. a. If the interest is compounded…

A: NOTE: Refresh your page if you can't see any equations. . P=19000 r=5.1%=0.051 t=10 years

Q: 8000 dollars is invested in a bank account at an interest rate of 7 percent per year, compounded…

A: 8000 dollars invested at the rate of 7% every year compounded continuously. Formula for continuous…

Q: If $8000 is invested in an account for which interest is compounded continuously, find the amount of…

A: Given amount = $8000 time = 12 years interest rate (a) 2% (b) 3% (c) 4.5% (d) 7%

Q: Suppose $23,000 is invested in an account with an APR of 5.4%. a. If the interest is compounded…

A:

Q: Find the amount of money an investment of $15,000 compounded continuously for 10 years at 6.25%…

A: Given: Principal = P = $15,000 Annual rate = R = 6.25% Time = 10 years   To find: Final Amount = A

Q: If $20,000 is invested at an interest rate of 6% per year, compounded semiannually, find the value…

A: The principal is $20,000 and the rate is 6% per year, compounded semiannually. As the interest is…

Q: Question #3 Determine how much is in the Account, if $500 is invested into a bank account for 1…

A:

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

A: See the attachment

Q: You deposit $2000 in an account earning 3% interest compounded continuously How much will you have…

A:

Q: If 1800 dollars is invested in an account for 10 years. Find the value of the investment at the end…

A: To find the future value of the investment compounded annually, substitute 1800 for P, 0.05 for r, 1…

Q: 4) A savings account balance is compounded continuously. If the interest rate is 3.1% per year and…

A: note- (Since you have asked multiple question, we will solve the first question for you. If you want…

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

A:

Q: If $23,000.00 is invested in an account for 30 years. Find the value of the investment at the end of…

A: Solution: From the given information, invested amount is $26,000, interest rate is 7%, compounded…

Q: If $3500 is invested at an interest rate of 6.25% per year, compounded continuously, find the value…

A: A=P ertP is the invested amount.A is the amount after t years

Q: A deposit of $4000 is made in an account that earns interest at an annual rate of 7.5%. Determine…

A:

Q: QUESTION 4 How much should you save in an account now so that you will have $90,000 in 6 years, if…

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Q: QUESTION 5 Alex deposits $1,200 in a savings account that pays %1.5 interest compounded monthly. How…

A:

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

A:

Q: Which of the given interest rates and compounding periods would provide the better investment?(a) 5%…

A: r=5%=0.05, n=2 a). By using compound interest formula, we have A=P1+rnn·t=P1+0.0522t=P1.0252t

Q: Billy starts a new savings account with $4,000. How much money does Billy’s account have if it gains…

A: Find the amount after 5 years with different term

Q: If you need to have at least $50,000 in 10 years, what is the smallest amount you need to deposit in…

A:

Q: Janeli Bitor invests a $25,000 inheritance in a fund paying 5.5% per year compounded continuously.…

A: This question is related to continuous compound interest, we will use continuous compound interest…

Q: If you invest $1200 in an account paying 9% compounded continuously, how much money will be in the…

A:

Q: What will happen to Joshua's money if his money will be 6.33% compounded continuously for 17.36…

A: Lets say P0 be the Joshua's money Continuous compounding formula P(t)=P0ert where P0 is principle…

Q: An aunt wants to make a gift of $120,000.00 to their niece's for her college education on her 18th…

A:

Q: Which of the following pays more interest? 6% compounded annually 6% compounded monthly 6%…

A: Given that:Rate of interests: 1. 6% compounded annually  2. 6% compounded monthly  3. 6% compounded…

Q: If you deposited $14,000 into an account that compounded interest continuously at a 3.2% rate, how…

A: Given: Principal amountP=$14000, interest rater=3.2% and time periodT=3years We know that final…

Q: Having received a large inheritance, a child's parents wish to establish a trust for the child's…

A:

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

A:

Q: Suppose $16,000 is invested in an account with an APR of 4.7%. If the interest is compounded…

A: Given  Amount invested= $16,000 APR= 4.7%

Q: A stock broker allocated $100,000 to an account earning 4% per year compounded continuously. If no…

A: Given problem Given that   A stock broker allocated $100,000 to an account earning 4% per year…

Q: How much time does it take for a $7,550 investment to grow to $10,800 in an account compounded…

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Q: Find the amount of time required to double an amount at 5.84% if interest is compounded…

A:

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

A:

Q: Question 3 is compounded quarterly. How much money is in the fund after We invest $7 into a fund…

A: This problem can be solved using compound interest formula.

Q: QUESTION 5 How much will you need to save per quarter to have $54,000 after 13 years, if your…

A: here we use compound interest formula 54000 = P(1+13/400)13*4 54000 = P(1+0.0325)52 54000 =…