2) Bank A offers 5% nominal interest compounded every 3 months. What is the nominal interest rate compounded continuously that bank B needs to offer to be competitive with bank A?

Q: If $4,000 is invested at 7% compounded continuously, how long will it take for it to grow to $6,000,…

A:

Q: Suppose stock A is priced at $30/share and the company will pay a dividend of $0.30/share after two…

A: The total amount the investor paid is 30×100 = $3000 After two months investor will get from…

Q: 10. Engr. Igup invested P200 000 in a savin gs account with interest rate of 4% compounded…

A:

Q: To provide for a future expansion, a company plans to make continuous deposits to a savings account…

A: A differential equation is an equation that usually relates a function with with its derivatives.…

Q: A stock portfolio increased in value from $100,000 to $117,000 in 2 years. What rate of interest,…

A: To find: The rate of interest, compound continuously. Given: The stock portfolio increased from…

Q: A 35-year-old teacher is offered an opportunity to invest some money in a retirement account that…

A: As per our guidelines, we can answer one question only. please repost other seperately.

Q: If $35,000 is invested at 2.9% interest compounded continuously, how long will it take for the…

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Q: Suppose that the annual interest rate on your checking account is 8 percent compounded continuously.…

A: Given that:  Interest rate, r=8%                       Amount after 7 years, A=$6300…

Q: If ​$2000 is deposited in a savings account that earns interest at an annual rate of 2.5​% interest…

A: Apply the formula directly and simplify to get the answer: A=Pert

Q: An investment pays a dividend of $250/year continuously forever. If the interest rate is 7%, what is…

A:

Q: An investment will generate income continuously at the constant rate of $1000 per year for 6 years.…

A: For continuous income stream, we have

Q: Suppose that you have $10,000 to invest. Which investment yields the greatest return over 5 years 5%…

A:

Q: shirt factory has just installed a boiler that will last for 35 years.  It is expected that there…

A:

Q: A car washing machine is expected to generate $40,000 in revenue per year, for the next 5 years. If…

A:

Q: A survey estimates the current average cost of college to be $33,245per year.   ​(a) If the average…

A:

Q: If $24,000 is invested in a savings account yielding 6% per year, compounded semiannually, how fast…

A:

Q: What rate of interest compounded continuously will yieldan effective interest rate of 6%?

A: It is given that, the effective interest rate is 6%. re=6%=0.06

Q: How much money will there be in an account at the end of 6 years if $14000 is deposited at a 5.5%…

A:

Q: If $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how…

A: According to the question, we have to find the total amount after 3 years , If $20,000 is invested…

Q: Suppose that you have $2500 to invest at 4% compounded continuously.  The accumulated amount after…

A: Given investment amount $2500 and rate of interest r=4%=4100=0.04. Compounded continuously. The main…

Q: Leonard's current salary is $65,000. Ten years from now, how much will he need to earn to retain his…

A: Given information Present annual salaryP=$65,000 Rate of inflationr=3% per year compounded…

Q: A survey estimates the current average cost of college to be $34,340 per year. (a) If the average…

A: Given query is to find the average cost of college after 10 years.

Q: How long will it take for a principal of 1000 OMR to produce a future value of 2500 OMR at 10% rate…

A: If the interest is compounded continuously, then the formula used is A=Pert, where, A is the final…

Q: Savannah is going to invest $220 and leave it in an account for 12 years. Assuming the interest is…

A: We have, Savannah is going to invest $220 and leave it in an account for 12 years and at the end,…

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: Camden is going to invest $600 and leave it in an account for 12 years. Assuming the interest is…

A: Solve for the rate of interest

Q: If a bank offers annual interest of 7.5% or continuous interest of 7.25%, which has a better annual…

A: Given that a bank offers interest of 7.5% or continuous interest of 7.25% To determine which…

Q: Compute the balance after 10 years if $2000 is deposited in an account paying 9% interest and…

A: Initial amount=P=2000  Time=t=10 years  Interest rate=r= 9%=0.09  Final amount=A=? a) compounded…

Q: If ​$5000is deposited in a savings account that earns interest at an annual rate of 7.5​%interest…

A: *to find:- Compounded amount after 2 years.

Q: Suppose that money is deposited daily into a savings account at an annual rate of $1400. If the…

A:

Q: 7. At what interest rate compounded continuously must money be invested in order to triple in 10…

A: We know that  P=Aert where A= Principal value r=rate  and t=time

Q: Elizabeth is going to invest $480 and leave it in an account for 8 years. Assuming the interest is…

A:

Q: Ella is going to invest $18,000 and leave it in an account for 8 years. Assuming the interest is…

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Q: Mr. Reyes places 100,000Php in a time deposit which pays nine percent per annum compounded…

A: topic - exponential function

Q: suppose we put $2000 into an account earning 10% interest compounded continuously. how long will it…

A: $2000 into an account earning 10% interest compounded continuously

Q: How much money must be invested now at 10% interest compounded continuously so that $120,000 will be…

A:

Q: What initial investment at 8% compounded continuously for 5 years will accumulate to $50, 000?

A:

Q: The parents of a 3-year-old child put $10,000 into an account with the hope that the amount will…

A:

Q: Adrian is going to invest $9,900 and leave it in an account for 10 years. Assuming the interest is…

A: Simply use the formula for compound interest.

Q: Suppose that money is deposited daily into a savings account at an annual rate of $800. If the…

A:

Q: how long will it take to have a final balance of $100,000 if $1,000 is invested at 5% interest rate…

A:

Q: What amount would yield 100,000 pesos after 30 years at 6% nominal rate compounded continuously

A: Total yielded amount (C.I.)= 100,000 pesos Time(t)= 30 years Rate of interest(r)= 6 % = 0.06…

Q: A company will need 1,500 barrels of fuel at the end of this month, and its needs will increase at…

A: Use the formula: Final quantity=Original Quantity1+Rate of increase per each time-interval100Number…

Q: Suppose that money is deposited daily into a savings account at an annual rate of $1100. if the…

A: Given  P: the principal, =$1100 t: the time= 4 years r: the rate, (in decimal form)=0.05

Q: Suppose your​ great-great grandfather invested $900 earning 5.5% interest compounded continuously…

A:

Q: At what constant, continuous rate must money be deposited into an account if the account is to…

A:

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.