Please Explain Question 5 0/1 pts You invest a sum of money in an account that...
Question 5 1 pts You invest a sum of money in an account that pays 7.37% compounded continuously. How many weeks must you leave this sum invested to double your money? Express your answer in weeks to the nearest whole number of weeks.
Question 1 1 pts You invested a sum of money 6 years ago at 10% simple interest. Today the investment is worth $18,000. How much was your original investment? Express your answer in $to the nearest whole $.
please answer clearly year month 19. You plan to invest all of your money into an account for the next 18 months. After thorough research you have found 3 accounts that you are considering. The first account pays 3.1% interest and is compounded monthly. The second account pays 3.25% interest and is compounded annually. The third account pays 3% interest and is compounded continuously. Which account will yield the best return? A=P SA= .03250) Aspen Aspe 03 (105) 15. Untreated,...
Exercise 4A. 1. An ex-pupil of a school wishes to invest a sum of money into an account paying 7.5% interest, compounded annually, so that every year thereafter $600 can be made available from the account as an award to a deserving student. Explaining your reasoning determine how much money needs to be invested to make this perpetual award possible.
8) You invest in a bank account which pays 6 percent compounded continuously. You withdraw money continuously at a rate of $4000 per month. Let B be the balance in dollars and t be time in years. Suppose you initially start with $300000. 8a) (10 points) Set up a differential equation for this situation. Include the initial condition. Do NOT solve. 8b) (8 points) Find the equilibrium for your differential equation. Is it stable or unstable?
Time for a lump sum to double If you deposit money today in an account that pays 14.5% annual interest, how long will it take to double your money? Round your answer to two decimal places.
TIME FOR A LUMP SUM TO DOUBLE If you deposit money today in an account that pays 10.5% annual interest, how long will it take to double your money? Round your answer to two decimal places.
1. Suppose you have A, dollars to invest in a savings account eaming an annual interest rate of r percent compounded continuously. Furthermore, suppose that you make annual deposits of d dollars to the account. The differential equation governing this situation is dA =rA+d, AO) = Ao (a) Find an equation for the future value Ac) of the account by solving the aforementioned initial value problem. Be sure your solution is correct as this will be used for the remaining...
You have $520 in an account which pays 4.3% compounded annually. If you invest your money for 10 years, then how many dollars of interest will you earn by the end of the term?
If you deposit money today in an account that pays 3.4% annual interest, how long will it take to double your money? Round your answer to the nearest whole number. years