At what nominal rate compounded continuously must money be invested to triple in 7 years? ..... A rate of % is required for money to triple in 7 years. (Do not round until the final answer. Then round to the nearest tenth.)

Q: If you invest $50,000 at 5% interest compounded continuously, what is the average amount in your…

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Q: How much money needs to be deposited now into an account to obtain $8,000 in 14 years if the…

A: Given

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: If $5000 is invested at 8% compounded continuously, what is the amount after 3 years? The amount…

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Q: At what interest rate (compounded weekly) should you invest if you would like to grow $3,237.68 to…

A: It is given that, Principle amount will be, P=$3,237.68 Total amount after interest will be,…

Q: If $12, 000 is invested at a rate of 3% per year compounded continuously, find value of the…

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Q: A certain loan program offers an interest rate of 9%, compounded continuously. Assuming no payments…

A: you can clearly understand if you follow the below solution

Q: ...* ... .... ....... If you invest $50,000 at 5% interest compounded continuously, what is the…

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Q: What rate of interest compounded annually is required to triple an investment in 11 years? The rate…

A: Recall: Compound interest Formula:                 A=P(1+rn)nt ; where A- Amount after t years…

Q: How much do you need to invest at the beginning of each of the next 60 months in order to have a…

A: Since the given amount of $100,000 is deposited at beginning of each month, it is annuity due.Then…

Q: What is the compound interest if $42,000 is invested for 15 years at 6% compounded continuously?…

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Q: A certain loan program offers an interest rate of 5.5%, compounded continuously. Assuming no…

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Q: If you invest $25,000 at 5% interest compounded continuously, what is the average amount in your…

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Q: If $2500 is invested at an interest rate of 5.5% per year, compounded continuously, find the value…

A: Solution Given If $2500 is invested at an interest rate of 5.5% per year, compounded continuously,…

Q: If $400 is invested at an interest rate of 2.5% per year, find the amount of the investment at the…

A: Explanation: Given that: Principal(P) = $400 Rate(r) = 2.5% or .025 per year Concept: 1. A=P1+rnnt…

Q: How much should be invested now at an interest rate of 6% per year, compounded continuously, to have…

A: Given that, Interest rate (r) = 6% or 0.06 per annum compounded Final amount (A) = $ 3500 Time…

Q: At what nominal rate, compounded every 2 months, would $7,000.00 have to be invested to amount to…

A: Compound Interest: The formula for the compound interest is given by, Where A is the final Amount,…

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: how many years will it take for an initial deposit of p dollars to double if interest is compounded…

A: Given,           The initial deposit is p dollars and the rate of interest is 3%.

Q: What is the compound interest if $490 is invested for 12 years at 10% compounded continuously?…

A: Given Principal =$490. Rate       =10%=0.10. Time      =12 years.

Q: At what interest rate compounded continuously must money be invested to triple in 6 years? A rate…

A: Continuously interest compounded formula is P(t) =Po ert

Q: Find the interest rate needed for an investment of $9,000 to grow to an amount of $9,900 in 3 months…

A: Step 1Amount = $9900, Principle = $9000n = Compounded monthly = 12 months in a yeart = 3 months =…

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

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Q: A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no…

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Q: If P5,000 is invested now at an interest rate of 9% compounded continuously, how much would be at…

A: As per our guidelines, we are allowed to answer first question only. Thanks   Amount to be invested…

Q: At what nominal rate compounded quarterly would $20,000 have to be invested to amount to $26,425.82…

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Q: What is the compound interest if $46,000 is invested for 15 years at 8% compounded continuously?…

A: The invested amount is $46000 for 15 years at 8% compounded annually.

Q: Given an interest rate of 7.2% per year, compounded continuously. What is the quarterly interest…

A: Given query is to find the quarterly intrest rate.

Q: A certain loan program offers an interest rate of 6.5%, compounded continuously. Assuming no…

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Q: How much must be invested at the beginning of each year at 11%, compounded annually, to pay off a…

A: r = 11% = 0.11 Compounded annually, i.e. n = 1 t = 5 To pay of debt, i.e. A = $30000

Q: Find the interest rate needed for an investment of $6,000 to grow to an amount of $6,600 in 9 months…

A: A=P1+rnnt P is the amount invested. r is the rate. t is the time A is the amount after t years.

Q: What is the compound interest if $45,000 is invested for 10 years at 6% compounded continuously?…

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Q: You invest $10,000 in Rapid Growth Funds, which appreciate by 5% per year, with yields reinvested…

A: Present Value = $10,000 r=5%=0.05t=7 yearsn=4  compounded quarterly   Formula used: FV=PV1+rnnt

Q: If you invest $15,000 at 10% interest compounded continuously, what is the average amount in your…

A: This question is about continuous compounding

Q: How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to…

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Q: Calculate the amount of INTEREST earned in an account with initial investment of $25,000 in 10 years…

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Q: At what interest rate compounded continuously must money be invested to double in 4 years? A rate of…

A: Use formula of compounded continuously

Q: What present value amounts to $20,000 if it is invested for 15 years at 7% compounded annually?…

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Q: What present value P amounts to $270,000 if it is invested at 8%, compounded semiannually, for 12…

A: Determine the present value of an investment that amounts to $270,000 in 12 years if compounded…

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: If ​$7000 is invested at 5​% compounded​ continuously, what is the amount after 7 ​years? round…

A: Given, Initial amount=$7000 Rate of interest=5%=0.05 Period=7years

Q: What is the compound interest if $46,000 is invested for 10 years at 8% compounded continuously?…

A: Amount in continuous compound interest: where,

Q: How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to…

A: Let the amount be A invested with an rate of interest of r= 6.5% = 0.065

Q: What is the compound interest if $48,000 is invested for 10 years at 8% compounded continuously?…

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Q: A recent college graduate decides to open a credit card in order to pay for their upcoming trip…

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Q: If you invest $10,000 at 10% interest compounded continuously, what is the average amount in your…

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Q: Find the present value of a $3, 000 annual income stream if it is invested immediately as it is…

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Q: At what interest rate compounded continuously must money be invested to triple in 4 years? A rate of…

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Q: How long will it take an investment of $3,400 at an interest rate of 4% per year compounded…

A: Given,       P = $3400  ( initial investment/ principal)       I = 4% = 0.04 ( interest rate)      A…

Q: At what interest rate compounded continuously must money be invested to double in 9 years? A rate of…

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