what is the interest rate on an account that took 15 years to double if interest was compounded continuously and no deposits or withdrawals were made during the 15 year period?

Q: Please find the present value if the goal investment is $6,400 after 8 years at 8% compounded…

A: The investment goal is the future value (FV), which is $6,400. The formula to find the present…

Q: suppose $1000 is depsoited by a 20 year old worker in an individual retirement account that pays an…

A: Given that a 20 year old worker deposits $1000 in an individual retirement account that pays…

Q: A fund of 25000 is to be accumulated by means of deposits of 1000 at the beginning of every year as…

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Q: The monthly income from recycling paper and cardboard at the XYZ Center is estimated to be $300…

A: The monthly income is given by = 300 dollars the value of the income after 3 years is = 300×12×3=…

Q: Breonna invested $4,760 into an account that earns 1.69% interest compounded semi- annually. How…

A: The calculation of the time it takes for the investment to accumulate to $8,020 can be done using…

Q: Mr. Balmond deposits 5000 pesos at the end of a month in Dias bank in the city of mobile legends…

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Q: Suppose you invest $1000 at 10% interest compounded every year. a) how long will it be until your…

A: Given that, P=$1000, A=$3000 and r=0.10.

Q: What amount will be deposited in a bank at 10% compounded quarterly that will accumulate to 125 000…

A: Here Given  Deposited Amount=P Interest Rate=R=10 % =0.1 No of Quarters= 6×4=24 Accumulated Amount=…

Q: The difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

A: Given the difference between the future values of a deposit accumulated for 10 years at a rate of 8%…

Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

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Q: Since he was 23 years old, Ben has been depositing $200 at the end of each month into a tax-free…

A: Sol:- To solve this problem, we can use the formula for the future value of an annuity due: FV = PMT…

Q: Sumalee invests $1,776 in a retirement account with a fixed annual interest rate compounded 3 times…

A: Initia amount= 1776$ Final amount after 19 years= 6588.80 We want to find the interest rate of the…

Q: Dante’ invested $40,000 in an account that pays out 11% compounded annually. What is the amount…

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Q: At what rate of interest compounded semi-annually for 8 years will Rs. 3,150 amount to Rs. 4,720?

A: The formula for amount is: Where, P is the principal value. r is the rate of interest in decimals.…

Q: If $10,000 is intially deposited in an account and left in there for 20 years, what will be the…

A: We use the formula: A=P(e)^rt Where, A=future value P=present value e=2.71828 t=time period r=rate…

Q: If after 75 months the amount of Php 25000 becomes Php 30000, what is the annual rate of continuous…

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Q: Suppose that you invest $7,000 at 6% interest, compound quarterly, for 5 years. use Table 11-1 to…

A: Amount=P1+r100tcompond quarterly t become t/4 and r become…