Complete the table for the time t (in years) necessary for P dollars to triple when it is invested at an interest rate r compounded continuously and annually decimal places.) (a) continuously 2% 4% 6% 8% 10% 12% (b) annually 2% 4% 6% 8% 10% 12% Need Heln? Read It

Determine whether the statement is true or false. If the statement is false, make the necessary change(s) to produce a true statement : "As the number of compounding periods increases on a fixed investment, the amount of money in the account over a fixed interval of time will increase without bound."

The equivalent present worth (P) of the cash flow in the accompanying diagram, where i =4% compounded annually is closest to:

The amount that should be set aside is $ (Round up to the nearest dollar.)