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How long will it take for a $2500 investment to grow to $4000 at an annual...
How long will it take for 2.400 to grow to 38.700 at an interest rate of...
How long will it take for 2.400 to grow to 38.700 at an interest rate of 4.9% if the interest is compounded continuously? Round the number of years to the nearest hundredth.
How long will it take $5,000 investment to grow to $6,500 at an annual rate of...
How long will it take $5,000 investment to grow to $6,500 at an annual rate of 7% compounded semi-annually
How long will it take $3,000 to grow to $21,000 if it is invested at 7%...
How long will it take $3,000 to grow to $21,000 if it is invested at 7% compounded monthly? years (Round to the nearest tenth of a year.)
Suppose $8000 is invested at 7% interest compounded continuously. How long will it take for the...
Suppose $8000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $16000? Use the model A(t) = Pe" and round your answer to the nearest hundredth of a year. It will take years for the investment to reach $16000.
10 11 2 X3 The Chens are saving up to go on a family vacation in...
10 11 2 X3 The Chens are saving up to go on a family vacation in 2 years. They invest $2400 into an account with an annual interest rate of 1.15% compounded quarterly. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. ? D (a) Assuming no withdrawals are made, how much money is in the Chens' account after 2 years?...
O CONSUMER MATHEMATICS Finding the future value of an annuity The Wilson family wants to save...
O CONSUMER MATHEMATICS Finding the future value of an annuity The Wilson family wants to save money to travel the world. They purchase an annuity with a monthly payment of $53 that earns 4% interest, compounded monthly Payments will be made at the end of each month. Find the total value of the annuity in 14 years Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial...
O CONSUMER MATHEMATICS Finding the future value of an annuity An investor wants to save money...
O CONSUMER MATHEMATICS Finding the future value of an annuity An investor wants to save money to purchase real estate. She buys an annuity with monthly payments that earn 5% interest, compounded monthly. Payments will be made at the end of each month. Find the total value of the annuity in 15 years if each monthly payment is $71. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list...
44. 31. How long will it take $5000 to grow to $6500 if the investment earns...
44. 31. How long will it take $5000 to grow to $6500 if the investment earns interest at the rate of 6%/year com- pounded monthly? 32. How long will it take $12,000 to grow to $15,000 if the 45 investment earns interest at the rate of 4%/year com- pounded monthly? 33. How long will it take an investment of $2000 to double if 46 the investment earns interest at the rate of 5%/year com- pounded monthly? We were unable to...
1. How long will it take $3000 to grow to $23000 if it is invested at...
1. How long will it take $3000 to grow to $23000 if it is invested at 7% compounded monthly? ____ years (round to nearest year). 2. For services rendered, an attorney accepts a 120-day note for $6,000 at a 8% simple interest from a client. (Both interest and principal are repaid at the end of 120 days.) Wishing to use her money sooner, the attorney sells the note to a third party for $6,060 after 30 days. What annual interest...
please help! How many years will it take for an initial investment of $30,000 to grow...
please help!
How many years will it take for an initial investment of $30,000 to grow to $45,000? Assume a rate of interest of 2% compounded continuously It will take about years for the investment to grow to $45,000 (Round to two decimal places as needed.)
How long will it take $3,000 to grow to $21,000 if it is invested at 7% compounded monthly? years (Round to the nearest tenth of a year.)
Suppose $8000 is invested at 7% interest compounded continuously. How long will it take for the investment to grow to $16000? Use the model A(t) = Pe" and round your answer to the nearest hundredth of a year. It will take years for the investment to reach $16000.
10 11 2 X3 The Chens are saving up to go on a family vacation in 2 years. They invest $2400 into an account with an annual interest rate of 1.15% compounded quarterly. Answer the questions below. Do not round any intermediate computations, and round your final answers to the nearest cent. If necessary, refer to the list of financial formulas. ? D (a) Assuming no withdrawals are made, how much money is in the Chens' account after 2 years?...
O CONSUMER MATHEMATICS Finding the future value of an annuity The Wilson family wants to save money to travel the world. They purchase an annuity with a monthly payment of $53 that earns 4% interest, compounded monthly Payments will be made at the end of each month. Find the total value of the annuity in 14 years Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list of financial...
O CONSUMER MATHEMATICS Finding the future value of an annuity An investor wants to save money to purchase real estate. She buys an annuity with monthly payments that earn 5% interest, compounded monthly. Payments will be made at the end of each month. Find the total value of the annuity in 15 years if each monthly payment is $71. Do not round any intermediate computations, and round your final answer to the nearest cent. If necessary, refer to the list...
44. 31. How long will it take $5000 to grow to $6500 if the investment earns interest at the rate of 6%/year com- pounded monthly? 32. How long will it take $12,000 to grow to $15,000 if the 45 investment earns interest at the rate of 4%/year com- pounded monthly? 33. How long will it take an investment of $2000 to double if 46 the investment earns interest at the rate of 5%/year com- pounded monthly? We were unable to...
please help!
How many years will it take for an initial investment of $30,000 to grow to $45,000? Assume a rate of interest of 2% compounded continuously It will take about years for the investment to grow to $45,000 (Round to two decimal places as needed.)
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