Suppose $7000 is invested at 1.32% interest. (a) How much will the account grow to in 10 years if interest is compounded monthly? (b) How much will the account grow to in 10 years if interest is compounded continuously? (c) How long will it take for the account to reach $7500 if the interest is compounded continuousl

Q: Suppose you deposit money in an investment account that pays 5% annual interest compounded…

A: r=5%=0.05 Let P be the invested money and let it be doubled in t years.

Q: Your plan is to invest now and cash in your investment in 30 years to have $200,000. How much would…

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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: If I invest $25,000 in a savings account with a 5.75% interest rate which is compounded…

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Q: 3) Suppose that you have $6,000 to invest. Which investment yields the greater return over 4 years:…

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Q: How many years will it take $2,000 to grow to $3,800 if it is invested at 5.50% compounded…

A: Given Initial investment=P=2000 Grow to amount=Q=3800 Rate of interest=r=5.50% p.a.

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

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Q: An investment of $10,000 compounded continuously for 30 years at 10% will be worth.

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

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Q: The parents of a child wish to establish a trust fund for the child’s college education. If they…

A: Compound Interest Formula:  (compounded continuously) A = P·er·t where t is the time period in years…

Q: On the day a grandchild is born, a grandparent deposits $2000 in a fund earning 7.5% interest,…

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Q: Suppose $17,000 is invested in an account with an APR of 4.9%. If the interest is compounded…

A: Since you have posted multiple subparts, as per our policy we will answer first three subparts.…

Q: In 19 years, Anthony Oaks is to receive $300,000 under the terms of a trust established by his…

A: It is given that, the time period is t=19 years,  Future Value (FV)=$300,000 rate of return…

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

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Q: Suppose $19,000 is invested in an account with an APR of 5.1%. a. If the interest is compounded…

A: NOTE: Refresh your page if you can't see any equations. . P=19000 r=5.1%=0.051 t=10 years

Q: How many years are required for P5,000 to increase to P8,000 if invested at 12% per year compounded…

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Q: How many years will it take $1,000 to grow to $2,000 if it is invested at 4.25% compounded…

A: Given query is to find time taken to grow $1000 to $2000.

Q: 27. How long will it take money to double if it invested at 6% compounded monthly? 9% compounded…

A: If P=initial investment, r = interest rate compounded monthly  and A= amount after t years , then we…

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

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

A:

Q: Suppose $23,000 is invested in an account with an APR of 5.4%. a. If the interest is compounded…

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

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Q: 6. Suppose you want to have $12,450 in an account 16 years from now, and the APR is 2.3%. (a) If…

A: A=$12450 r=2.3% =0.023 t=16 years  n=4 (quarterly ) A=P(1+r/n)^(n*t)

Q: 6000 dollars is invested in a bank account at an interest rate of 6 percent per year, compounded…

A: $6000 is invested in a bank account at an interest rate of 6% which is compounded continuously for t…

Q: Suppose you invest $1600 at an annual interest rate of 4.6 % compounded continuously . How much will…

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Q: How many years will it take $3,000 to grow to $5,000 if it is invested at 3.25% compounded…

A: To solve this problem we need to use the following result:

Q: 3000 dollars is invested in a bank account at an interest rate of 9 percent per year, compounded…

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Q: How many years will it take $10,000 to grow to $16,200 if it is invested at 3.50% compounded…

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Q: What interest rate is needed for $200 to grow to $500 in 5 years if the interest is compounded…

A: To find the interest rate

Q: How many years will it take $9,000 to grow to $14,700 if it is invested at 2.50% compounded…

A: We will use continues compounding formula

Q: If ​$5000is deposited in a savings account that earns interest at an annual rate of 7.5​%interest…

A: *to find:- Compounded amount after 2 years.

Q: What will $82,000 grow to be in 11 years if it is invested today at 8% and the interest rate is…

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

A: *concept:- compound interest formula.

Q: Skylar is going to invest $69,000 and leave it in an account for 6 years. Assuming the interest is…

A: Concept : if the principal amount of P is lend with compound interest of r % then the final amount…

Q: How much more will an investment of $15,000 earning 6.5% compounded continuously for 5 years earn…

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Q: Carter is going to invest $79,000 and leave it in an account for 12 years. Assuming the interest is…

A: Simply use the formula for compound interest.

Q: How long s it take for an investment to double in value if it is invested at 15% 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: Suppose $16,000 is invested in an account with an APR of 4.7%. If the interest is compounded…

A: Given  Amount invested= $16,000 APR= 4.7%

Q: Suppose $16,000 is invested in an account with an APR of 4.8%. If the interest is compounded…

A: Explanation: Given that,  P0 =  $16,000  APR(r) = 4.8% = 0.048 1.  If the interest is compounded…

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: if 25,000 is invested at 12%, How much will it be worth after 5 years if it is compounded annually?

A: Remember that, Compound interest (or compounding interest) is the interest on a loan or deposit…

Q: A recent college graduate decides to open a credit card in order to pay for their upcoming trip…

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Q: What present value P amounts to $280,000 if it is invested at 8%, compounded semiannually, for 16…

A: If investment or present value = $P interest rate = r  compounded m times per year. and time period=…

Q: How much money must be deposited today to become $2450 in 60 years at 6.5% compounded continuously?

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Q: How long does it take for an investment to double in value if it is invested at 5​% compounded…

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Q: A philanthropist deposits $50,000 into a trust fund that pays 4.5%, compounded continuously. The…

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Equations and Inequations

Equations and inequalities describe the relationship between two mathematical expressions.

Linear Functions

A linear function can just be a constant, or it can be the constant multiplied with the variable like x or y. If the variables are of the form, x2, x1/2 or y2 it is not linear. The exponent over the variables should always be 1.