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Jean Silva can earn 5.75% compounded continuously. If she deposits $10,000 now, how much money will...
How much money must you invest now at 4.3% interest compounded continuously in order to have $10,000 at the end of 4 years? You must invest $ (Round to the nearest cent as needed.)
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
Dalia deposits $1,200 in an account that earns 5% interest per year compounded continuously. How much will the account be worth in 3 years?
Jean receives annuity payments at the end of every six months. If she deposits these payments in an account earning interest at 9% compounded monthly, what is the equivalent semi-annually compounded rate of interest? What sum of money must be deposited at the end of every 3 months into an account paying 6% compounded monthly to accumulate to $25,000 in 10 years? Irina deposited $150 in a savings account at the end of each month for 60 months. If the...
6. Suppose a family is depositing money into a bank account continuously at the rate of about $10,000 per year, and the account earns interest of 4% annually (compounded continuously). The family began their first year with $23,000 in the account. Assuming they don't make any withdrawals, how much money is in the account after 4 years? Derive the equation to be used
6. Suppose a family is depositing money into a bank account continuously at the rate of about...
How much money must you deposit at 6% interest compounded semiannually in order to earn $913.50 interest in one year? A deposit of $1 is needed to earn $913.50 in one year at 6% compounded semiannually. (Round to the nearest dollar.)
A philanthropist deposits $125,000 into a trust fund that pays 4% interest, compounded continuously. The balance will be given to the college from which the philanthropist graduated after the money has earned interest for 25 years. How much will the college receive? OA) $336,448.50 B) $339,220.64 OC) $338,101.73 D) $339,766.61 E) $333,229.54 OF) $339,785.23 G) $250,000.00
(a) If Angela has $100 to invest at 2.5% interest per year compounded continuously. How long will it take for Angela's investment to double? If she invested $1,000, how will the doubling time change? (b) Suppose April has access to an investment that will pay 10% interest compounded continuously. Which is better to be given s1000 now and invest or be given 51325 after 3 years without investing? (c) A child's grandparents are considering buying an $80,000 face-value, zero-coupon bond...
How much will Tamara have in 10 years from now if she deposits the $9,868 that her grandfather gave her at 2.1 % interest rate, compounded annually? Round your answer to 2 decimal places and do not enter any symbols such as S, % or commas. Match the correct terms for the given definitions below. A sum received today is worth more than that same sum received some time in the future. A. Compound interest B. Simple interest C. Time...
Can the work be shown in excel using formulas? You deposit $10,000 in an account that earns 5.5% compounded continuously and your friend deposits $10,000 in an account that earns 5.5% annually. a. How much more will you have in the account in 10 years? b. How much more interest did you earn in the 10 years?