If $5,000 is deposited in an account that receives 6.1% interest compounded continuously, how much money is in the account after 6 years?

Q: you invest $7,500 in an account paying 8.35% compounded continuously, how much money will be in the…

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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: Aaliyah invested $350 in an account paying an interest rate of 4% compounded continuously. Assuming…

A: Solving the problem by finding the value after 20 years.

Q: How much money needs to be deposited now into an account to obtain $3,300 in 14 years if the…

A:

Q: Suppose you deposit $800 in an account that pays 4.25% annual interest compounded quarterly for five…

A: A=New balance=? P=Amount invested=$800 r=Rate=4.25%=0.0425 t=Time=5 years n=Number of times it is…

Q: What rate of interest compounded annually is required to double an investment in 4 years? The rate…

A: Formula used:The simply annual compound interest formula

Q: If you borrow $8,500 at 4% interest, what is the amount that you will owe in five years if…

A: To find the amount owe in 5 years if compounding continuously :

Q: Suppose that you have $10,000 to invest. Which investment yields the greatest return over 5 years 5%…

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Q: Find the present value of amount. $7300 if interest is 5% compounded continuously for 3 years

A: Given, $7300 if interest is 5% compounded continuously for 3 years We use the formula A=Pert

Q: If $900 is deposited in an account paying 9 % annual interest, compounded continuously, how long…

A: We can find the time as below.

Q: How long will it take an investment to double in value if a 9% continuously compounded interest rate…

A: Let investment = P  If amount double, A = 2P  Interest rate, r = 9% 9100=0.09 Using formula for…

Q: If $20,000 is invested in a savings account offering 3.5% per year, compounded continuously, how…

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Q: Find the present value of amount. $26,000 if interest is 3.75% compounded continuously for 7 years

A: Given: $26,000 if interest is 3.75% compounded continuously for 7 years. To Find: The present value…

Q: An account now contains $3,670 and has been accumulating interest at 5% annual interest, compounded…

A: We have to find the amount in the account 5 years ago.

Q: How much money must be deposited today to become $1800 in 50 years at 7.5% compounded continuously?

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Q: A depositor places $10,000 in a certificate of deposit which pays 6% interest per annum, compounded…

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Q: How long will it take an investment to double in value if a 5% continuously compounded interest rate…

A: Rate=5%

Q: If an investment of $7740 grows to $9635 in 6 years at continuously compounded interest, what is the…

A:

Q: If $2500 is invested at 3% compounded monthly, find the amount that results after a period of 2…

A: Given : Invested amount : $ 2500  Rate : 3 %  compounded monthly  Time : 2 years

Q: A Bank offered 1 3/4% interest on savings accounts compounded continuously. How much is a $5000…

A: The formula used for evaluating the amount accumulated on the amount saved in the bank compounded…

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: Suppose your savings account balance is currently $50014 in an account paying 5% annual interest…

A: your savings account balance is currently $50014 in an account paying 5% annual interest…

Q: Suppose you deposit $1120 in an account paying 15.3% annual interest, compounded continuously.find…

A:

Q: Question #4 Determine how much is in the Account, if $10,000 is invested into a bank account for 7…

A:

Q: If $23,000.00 is invested in an account for 30 years. Find the value of the investment at the end of…

A: Solution: From the given information, invested amount is $26,000, interest rate is 7%, compounded…

Q: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

A:

Q: If real estate in a certain city appreciates at the yearly rate of 15% compounded continuously, when…

A: The question mentions that the value of the real estate in a certain city appreciates at a rate…

Q: If $12,000 is deposited in an account paying 8% interest per year, compounded continuously, how long…

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Q: How much money needs to be deposited now into an account to obtain $1,700 in 5 years if the interest…

A: Total amount of money at the end of nth  year is given by,                               A = P 1 +…

Q: If $500 is deposited in an account paying 8.3% annual interest, compounded continuously, how long…

A: We know that, the formula for continuous compounding is given by A=Pert            ⋯⋯1 Where, P =…

Q: Find the balance in an account when $400 is deposited for 11 years at an interest rate of 2%…

A: A=P ertP is the amount deposited.r is the interest rate.t is the time period

Q: If $6,000 is invested at 3% compounded continuously, what is the amount after 7 years? The amount…

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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: If 3000 dollars is invested in a bank account at an interest rate of 4 per cent per year, compounded…

A:

Q: How much money would be in an account if $2, 000 is deposited at 6 % interest compounded…

A: *concept:- compound interest formula.

Q: Suppose $50,000 is invested at l2% interest compounded monthly. In how many years will it be worth…

A: Given p=$50000 r=12%=12/100=0.12 compoundrd monthly n=12 A=$1, 000,000 t=?

Q: Find the balance if $24000 is invested in an account paying 6% interest compounded continuously for…

A:

Q: account offering 4% per year, compounded semiannuall

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Q: Mariah is investing $40,000 in a bond that pays 2.3% interest compounded continuously. How much will…

A:

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: 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: If $20,000 is invested at 2.8% compounded continuously, what is the amount in 5 years?

A: If $20,000 is invested at 2.8% compounded continuously, what is the amount in 5 years?

Q: If 2000 dollars is invested in a bank account at an interest rate of 9 per cent per year, compounded…

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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: d. If the same account and interest were compounded continuously, how much money would the account…

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Q: Suppose you have $13,000 to invest. Which of the two rates would yield the larger amount in 4 years:…

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Q: If $100 is invested at 8% compounded monthly what is the amount after 6 years? how much interest is…

A: amount = P (1+r/n)nt Interest = amount - Principal

Q: If $2500 is invested at an interest rate of 2.5% per year, compounded daily find the value of the…

A:

Q: balance

A:

Q: If $400 is invested at 17% compounded quarterly, what is the interest earned after: a) 6 years…

A: FV = Future Value   PV = Present Value   r = rate of interest   n= no of period