Avery invested $21,000 in an account paying an interest rate of 3.3% compounded continuously. Assuming no deposits or withdrawals are made, how long would it take, to the nearest year, for the value of the account to reach

Q: Samuel is going to invest $1,700 and leave it in an account for 16 years. Assuming the interest is…

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Q: find the amount that should be invested now at 8% compounded. quarterly to obtain $25,000 in 6 years

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Q: How long (in years and months) will it take for an investment to double at 4% compounded monthly?…

A: The explanation has been given in the attached file.

Q: Find the time required for an investment of 3,000 dollars to grow to 5,000 dollars at an interest…

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Q: Samuel is going to invest $4,900 and leave it in an account for 14 years. Assuming the interest is…

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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: To the nearest penny, how much would you have to invest right now in a fund paying 5% continuously…

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Q: Which of the given interest rates and compounding periods would provide the best investment? 2% per…

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Q: Nolan invested $5,300 in an account paying an interest rate of 3.8% compounded annually. Assuming no…

A: The formula for the compound interest is: A=Pert Given that P=5300, A=6880 and r=3.8%  =3.8100…

Q: Find the time required for an investment of 4,000 dollars to grow to 6,000 dollars at an interest…

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Q: Find the value of $15,000 at the end of one year if it is invested in an account that has an…

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Q: Mason invested $65,000 in an account paying an interest rate of 4.6% compounded annually. Assuming…

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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: Oliver is going to invest $2,500 and leave it in an account for 18 years. Assuming the interest is…

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Q: One hundred shares of a technology stock were purchased on January 2, 1990, for $1200 and sold on…

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Q: Ian invested $90,000 in an account paying an interest rate of 2.6% compounded quarterly. Assuming no…

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Q: Jocelyn invested $56,000 in an account paying an interest rate compounded continuously. Oliver…

A: JocelynA=P1+R12002Twhere A=amount, P=principal amount, R=rate of intereset and T=time…

Q: Suppose that $1000 is invested at a 10% interest rate compounded quarterly. b) How many years will…

A: Solution:Giveninvestmentment Amount=$1000     r=0.01To find (a) What will investment be worth after…

Q: at what nominal rate, compounded monthly, would $13000 have to be invested to amount 22,716.49 in 7…

A: When the interest is compounded, then the formula used is , where, A is the final amount, P is the…

Q: Sophia is going to invest $7,900 and leave it in an account for 6 years. Assuming the interest is…

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Q: How long did it take for an investment of $27,500 to grow to at least $30,000 at 2.25% compounded…

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Q: A zero-coupon bond can be redeemed in 20 years for $10,000. How much should you be willing to pay…

A: Given: Total years=20……1Redeemed amount=$10,000……2

Q: At what interest rate will money treble if compounded continuously for 18 years?

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Q: How many year will it take for a 2000$ investment to grow to 2500$ at an annual rate of 12%…

A: We will use future value formula solved for period

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: A building was bought for $150,000 and sold 10 years later for $400,000. What interest rate…

A: given: A building was bought for $150,000 and sold 10 years later for $400,000. we have to determine…

Q: Carter invested $16,000 in an account paying an interest rate of 5.6% compounded monthly. Assuming…

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Q: Peyton is going to invest $310 and leave it in an account for 16 years. Assuming the interest is…

A: Principal amount:  P = $ 310 Total time period is: t = 16 years Interest is compounded quarterly.…

Q: Peyton is going to invest $71,000 and leave it in an account for 18 years. Assuming the interest is…

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Q: Joseph invested $16,000 in an account paying an interest rate of 5.7% compounded continuously.…

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Q: Dylan invested $47,000 in an account paying an interest rate of 4% compounded annually. Assuming no…

A: Formula: The compound interest formula is given by, FV=PV1+rnnt Given: FV=$79,200, PV=$47,000, r=4%,…

Q: Find the value of $30,000 invested for 4years at 15.3% interest if the compounding is done…

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Q: How long will it take $10,000 to grow to $15,000 if the investment earns an interest rate of 12% per…

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Q: find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded…

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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: How long will it take $3,000 to grow to $20,000 if it invested at 6% compounded monthly? ___years…

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Q: Upon the death of his aunt, Lucien receives an inheritance of $40,000, which he invests for 13 years…

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Q: Claire invested $2,400 in an account paying an interest rate of 3.5% compounded monthly. Assuming no…

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Q: How long did it take for an investment of $23,750 to grow to at least $27,000 at 2.25% compounded…

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Q: How many years are required for P1,000.00 to increase to P2,000.00 if invested at 9% per year…

A: Solved below

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: How long will it take for a $7000 investment to grow to $8078 at an annual rate of 4.2%, compounded…

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Q: How much was invested into Ed's account that was continuously compounded at 3.9% interest for 15…

A: Compound Interest :  When the interest charged after a certain specified time period is added to…

Q: How long will it take for a $2000 investment to grow to $2984 at an annual rate of 4.6%, compounded…

A: Initial investment = 2000 Final amount =2984 rate of interest = 4.6%= 0.046 compounded quarterly ,…

Q: Find the accumulated value of an investment of $20,000 for 6 years at an interest rate of 6% if the…

A: a. 28515.22 b. 28590.06 c. 28640.89 d. 28666.59

Q: How long will it take $2,000 to grow to $24,000 if it is invested at 5% compounded monthly? years…

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Q: Find the amount P that needs to be invested at a rate of 5% compounded quarterly for 6 years to give…

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