If $27,800 is invested in an account that earns interest at an annual rate of 2.8%, compounded continuously, how long will it take for the account to reach $120,000? (Round your answer to the nearest year.) It will take 53 Y years

You deposit $4000 in an account that pays 6% interest compounded semiannually. After 3 years, the interest rate is increased to 6.28% compounded quarterly. What will be the value of the account after a total of 6 years?

it is desired to save $20,000 by depositing $800 every 3 months in an investment that pays 8% coumpounded quarterly. What would be the approximate value of N in years?

Suppose you make 40 annual deposits of $3,000 in an account with an APR of 10% and daily compounding. Assuming the first deposit will occur immediately and the remaining deposits occur exactly one year apart, how much money will be in the account at the end of the 40 years?

How many years will it take Rexchem, Inc., to accumulate $725,000 for a chemical feeder, if the company deposits $50, 000 each year, starting one year from now, into an account that earns interest at 10% per year? (Round up your answer to an integer value.) Rexchem, Inc., will take years.

Assume you put $400 per month into a retirement account for 14 years, and the account has an APR of 3.01% compounded monthly. What is the account balance at the end of the 14 years? Round your answer to the nearest cent. How much of the money in the account at the end of the 14 years is your personal investment, meaning that the money came directly from you? How much of the money in the account at the end of the 14 years is interest? What percentage of the account balance after 14 years is interest? Hint: The percentage of interest in the account is equal to the amount of the account ballance that is interest divided by the base account balance. Multiply that result by 100 to get a percentage. Round your percentage to one decimal place.

To accumulate $85,000 in 6 years, you must invest $ now, to the nearest whole dollar value, if the interest rate is 9.7%, compounded annually.

A $2 million deposit earns 7 percent for 13 years. If the account earns 9 percent per year forever after that, how long will it take to grow to $5 million? O zero; the account exceeds $5 million after 13 years O 0.26 year O 0.43 year O 1.18 years

Suppose that $30,000 is invested at 9% interest. Find the amount of money in the account after 7 years if the interest is compounded annually. If interest is compounded annually, what is the amount of money after t = 7 years? $ (Do not round until the final answer. Then round to the nearest cent as needed.)

Suppose that $70,000 is invested at 7% interest. Find the amount of money in the account after 7 years if the interest is compounded annually. If interest is compounded annually, what is the amount of money after t = 7 years? $ (Do not round until the final answer. Then round to the nearest cent as needed.)