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."

In its first 10 years a mutual fund produced an average annual return of 19.72%. Assume that money invested in this fund continues to earn 19.72% compounded annually. How long will it take money invested in this fund to double? It will take approximately (Round up to the nearest year.) year(s) for the money invested in this fund to double.

If you deposit $500 in an investment with an APR of 6% and continuous compounding, the balance after two years would be?

5. Use the formula for a (1+r)" – 1 geometric sum to show that A, = dollars.