Find the interest rate r needed for an investment of $5000 to grow to $8000 in 8 years if interest is compounded continuously. (Round percentage to nearest hundredth)

Q: Compute the compound interest. 7) How long will it take for $600 to grow to $26,600 at an interest…

A: for the continuous compound, the formula is  A=Pert A=26600 P=600 r=6.2%=0.062

Q: If you need $40,000 in your bank account in 8 years, how much must be deposited now? The interest…

A: For compounded continuously P=P0ert where, P0= initial depositr=interest rate=12%=0.12t=time…

Q: Find the time required for an investment of $ 5000 to grow to $ 6000 at an interest rate of 7.5…

A: We will solve the problem

Q: Find the compound amount and compound interest if ​$4000 is invested for nine years and interest is…

A: We will use the formula to find the compound interest .

Q: Find the accumulated amount after 3 years if $5000 is invested at 7%/year compounded continuously.…

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Q: Dale had $1,000 to invest. He has a goal to have $2,700 in this investment in 13 years. At what…

A: (1)Continuously compounded interest formulaA= PertP = the initial principle investede = natural…

Q: Find the accumulated amount after 3 years if $2500 is invested at 5%/year compounded continuously.…

A: Given that 2500 is invested at 5%/year compounded continuously. To find the accumulated amount after…

Q: Find the interest rate needed for an investment of $7,000 to grow to $10,000 in 9 years if interest…

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Q: Suppose £5000 is invested for five years. Calculate the amount accumulated at the end of five years…

A: given, Invested amount (P)=5000 Time period (t)= 5 years and the interest is compounded contiuously…

Q: 5b. How long, to the nearest tenth of a year, will it take $8000 to grow to $16,000 at 8% annual…

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Q: Find the time required for an investment of 5000 dollars to grow to 6300 dollars at an interest rate…

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Q: Find the compound amount and compound interest if​$4000 is invested for five years and interest is…

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Q: Assume that there are no deposits or withdrawals. An initial investment of $4,000 earns 7% interest,…

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Q: Find the amount of time it would take for a $23,000 investment to double given the following…

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Q: Find the accumulated amount after 3 years if $6000 is invested at 4%/year compounded continuously.…

A: Principal amount, P = $6000 Rate of interest per year, r = 4% = 0.04 Time, t = 3 years

Q: Find the interest rate needed for an investment of $3500 to double in 6 years if interest is…

A: It is given that investment is of $3500 which has to be doubled in 6 years.

Q: Find the time required for an investment of 50000 dollars to grow to 7900 dollars at an interest…

A: Given, Principal = p = 5000 Amount = A = 7900 rate of interest = 7.5 % per yer   compounding period…

Q: How many years will it take an investment todouble if the interest rate is 8.4% compounded at…

A: We have given the interest of an investment; r= 8.4%=0.084 Since the investment have to be doubled;…

Q: How many years are required for an investment to double in value if it is appreciating at the rate…

A: Let the initial amount be P Final amount is 2P rate of interest, r =7%

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

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Q: Find the present value of amount. $26,000 if interest is 3.75% compounded continuously for 7 years

A: Given: $26,000 if interest is 3.75% compounded continuously for 7 years. To Find: The present value…

Q: If $2500 is invested at an interest rate of 4.5% per year, compounded continuously, find the value…

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Q: Find the amount A in dollars of $3000 invested for 30 years at 12% compounded continuously (round to…

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Q: how long it will take for an investment of $2000 to double in value if the interest rate is 7.5% per…

A: We can solve the problem by constructing the problem at first the find the required time.

Q: Find the time required for an investment of 5000 dollars to grow to 6500 dollars at an interest rate…

A: To find:- The time required for an investment of 5000 dollars to grow to 6500 dollars at an interest…

Q: In 17 years, Selena Willow is to receive $300,000 under the terms of a trust established by her…

A: Recall that the compounded continuous formula:A=Pertwhere A= Accumulated amount, P=present value,…

Q: A person wants to have $30,000 in an investment account to buy a new car in 4 years. How much should…

A: Topic - compound Interest

Q: Find the interest rate r needed for an investment of $4000 to grow to $28,000 in 6 years if interest…

A: We will use future value formula to find interest rate

Q: If $2500 is invested at 3% compounded monthly, find the amount that results after a period of 2…

A: Given : Invested amount : $ 2500  Rate : 3 %  compounded monthly  Time : 2 years

Q: Find the interest rate needed for an investment of $10,000 to grow to $12,000 in 6 years if interest…

A: Given data: The investment is P=$10000. The final amount is A=$12000. Time taken is t=6 years.

Q: Suppose you have $15000 to invest. Which of the two rate would yield the larger amount in 3 years.…

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Q: Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an interest rate…

A: t = 2.5 years

Q: Tyra invests $5900 in a new savings account which earns 5.6 % annual interest, compounded…

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Q: find the amount of money you will have atter 20 years if you inrest $25,000 at a rate of 12% If…

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Q: Find the present value of $3000 payable at the end of 4 years, if money may be invested at 8% with…

A: As per guidelines we can answer the 1st question only. if you need more answer please repost it.

Q: How many years are required for an investment to double in value if it is appreciating at the rate…

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Q: Find the time required for an investment of 5000 dollars to grow to 7800 dollars at an interest rate…

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Q: Assume that there are no deposits or withdrawals. An initial investment of $2,000 earns 7% interest,…

A: The formula for continuous compound interest is given as A=Pert, where, A= Amount at time t P=…

Q: Find the present value of $3000 payable at the end of 4 years, if money may be invested at 8% with…

A: Future value = $3000  Time period= 4years  Interest = 8%  r= 0.08   The required formula is  FV=PV…

Q: Find the required annual interest rate to the nearest tenth of a percent for $6000 to grow to $7486…

A: P=$6000, A=$7486, t=8

Q: Assume that there are no deposits or withdrawals. An.initial.inv.estment of $2,000 earns 7%…

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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: Find the time required for an investment of 5000 dollars to grow to 6000 dollars at an int percent…

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Q: If you invest $8,600 in an account paying 8.4% annual interest rate, compounded continuously, how…

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Q: Find the interest rate needed for an investment of $9,000 to grow to $13,000 in 3 years if interest…

A: Continuous compounded interest formula: The interest rate is compounded continuously at an annual…

Q: What is the value of a $500 investment which earns continuous compound interest of 1% annually for…

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Q: Find the accumulated amount after 3 years if $4000 is invested at 3%/year compounded continuously.…

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Q: Find the time required for an investment of 5000 dollars to grow to 6700 dollars at an interest rate…

A: Given: investment amountP=$5000, rate of interestr=7.5% per year compounded quarterly and amountA…

Q: Find the present value of $8000 payable at the end of 2 years, if money may be invested at 3% with…

A: Given values are - Future value =$8000 N= 2 years  Interest rate (i)=3%=0.03 We need to find the…

Q: Find the compound amount and compound interest if ​$3500 is invested for sixyears and interest is…

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