You invest money into an account that earns interest at an unknown annual rate compounded continuously. It is known that after 10 years, the amount of money in that you have in the account doubles. Find the annual rate. Your answer is allowed to include logs if necessary.

Suppose you deposit $1,181.00 into an account 5.00 years from today. Exactly 18.00 years from today the account is worth $1,800.00. What was the account's interest rate?

Use Table 12-1 to solve. Suppose Jorge Otero has set up an annuity due with a certain credit union. At the beginning of each month, $150 is electronically debited from his checking account and placed into a savings account earning 6% interest compounded monthly. What is the value (in $) of Jorge's account after 18 months? (Round your answer to the nearest cent.) $ Submit Answor

Use the formula for computing future value using compound interest to determine the value of an account at the end of 8 years if a principal amount of $13,000 is deposited in an account at an annual interest rate of 5% and the interest is compounded quarterly. The amount after 8 years will be $ (Round to the nearest cent as needed.) Enter your answer in the answer box and then click Check Answer. All narts showing javascript:doExercise(9); Clear All Check Answer sy Po a 99+

Your local bank is offering a new type of retirement savings account. An initial deposit is made to the account when it is opened. This money and any accumulated interest must be left in the account for 28 years. No additional deposits can be made. On the day the account is opened and on each annual anniversary of the initial deposit, the account balance is reviewed and the following terms apply: 1. If the account balance is less than or equal to $20,000, interest for the next annual period is 7 %/year compounded annually. 2. If the account balance is greater than $20,000 but less than or equal to $40,000, interest for the next annual period is 10%/year compounded quarterly. 3. If the account balance is greater than $40,000, interest for the next annual period is 12%/year compounded monthly. You decide to open an account under these terms today with $9,400. How much money will you withdraw when the account is closed 28 years from today? $

Use the TVM Calculator to solve the following compound interest problem. Round your result to two decimal places as needed. Chris invests $14,000$14,000 in an account. The interest is compounded monthly at an annual rate of 9.2%9.2%. The ending account balance will be $24,262.99$24,262.99. How many years was the investment accruing interest?The investment was accruing interest for  years.

An investor is trying to determine the proper interest rate to apply to an account. The account pays 6.24% APR with monthly compounding. However, the payments on the account are once per quarter or once every three months. What quarterly rate should we apply to the payments on the account?

Angela deposits $5500 into an account with an APR of 3.4 % for 12 years. Find the future value of the account if interest is compounded weekly Round your answer to two decimal places. Keynad

If you withdraw part of your money from a certificate of deposit before the date of maturity, you must pay an interest penalty. Suppose you invested $7000 in a one-year certificate of deposit paying 8.3% interest. When you decide to withdraw $7000 early, your interest penalty is 3 months simple interest on the $7000. What interest penalty do you pay? (Round your answer to two decimal places.)

How much must be deposited today into the following account in order to have $75,000 in 7 years for a down payment on a house? Assume no additional deposits are made. An account with monthly compounding and an APR of 7%. How much should be deposited today?