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Use the model A=pe" or AFP where A is the future value of P dollars invested...
Use the model A Peor A-P1+ where is the future value of dollars invested at interest...
Use the model A Peor A-P1+ where is the future value of dollars invested at interest rater compounded continuously or times per year for years. If $14,000 is invested in an account earning 7.5% interest compounded continuously, determine how long it will take the money to double. Round up to the nearest year. It will take approximately 9.3 years.
n1 Use the model A - Pe" or A-P where A is the future value of...
n1 Use the model A - Pe" or A-P where A is the future value of P dollars invested at interest rater compounded continuously or n times per year for years. Victor puts aside $10,000 in an account with interest compounded continuously at 2.2%. How long will it take for him to earn $2000? Round to the nearest month. It will take approximately years and months for him to earn $2000. where A is the future value of P dollars...
Use the model A -Pent or A-P -->(1 +)" where A is the future value of...
Use the model A -Pent or A-P -->(1 +)" where A is the future value of P dollars 9 invested at interest rater compounded continuously or n times per year for 1 years. Victor puts aside $4,000 in an account with interest compounded continuously at 2.7%. How long will it take for him toearn $1000? Round to the nearest month. It will take approximately years and months for him to earn $1000.
2Use the model A = Pent or 11 where A is the future value of P...
2Use the model A = Pent or 11 where A is the future value of P dollars invested at interest rater compounded continuously or n times per year for f years. $18,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to double? Round to the nearest tenth of a year. It will take approximately yr for the investment to double. te the table to determine the effect of the number of compounding periods...
will give thumbs up Suppose that P dollars in principal is invested for years at the...
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Suppose that P dollars in principal is invested for years at the given interest rates with continuous compounding. Determine the amount that the investment is worth at the end of the given time period. P = $8000, t = 13 yr a. 2% interest b. 4% interest c. 4.5% interest Part 1 out of 3 a. At a 2% interest rate, the investment will be worth $ at the end of 13 yr. 2Use the model...
11 2Use the model A = Pent or A = P1+ where A is the future...
11 2Use the model A = Pent or A = P1+ where A is the future value of P dollars invested at interest rater compounded continuously or n times per year for t years. $9,000 is invested at 5% interest compounded monthly. How long will it take for the investm to double? Round to the nearest tenth of a year. It will take approximately yr for the investment to double. The intensities of earthquakes are measured with seismographs all over...
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.
(Future value) You are hoping to buy a house in the future and recently received an...
(Future value) You are hoping to buy a house in the future and recently received an inheritance of $24,000. You intend to use your inheritance as a down payment on your house.a. If you put your inheritance in an account that earns 8 percent interest compounded annually, how many years will it be before your inheritance grows to $31,000? b. If you let your money grow for 9.5 years at 8 percent, how much will you have?c. How long will...
Find the future value and interest earned if $8806.54 is invested for 9 years at 6%...
Find the future value and interest earned if $8806.54 is invested for 9 years at 6% compounded (a) serniannually and (b) continuously (a) The future value when interest is compounded semiannually is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $. (Type an integer or decimal rounded to the nearest hundredth as needed) (b) The future value when interest is compounded continuously is approximately $) (Type an integer or...
Use log, 3 < 0.584, log, 5 0.788, and log, 71.095 to approximate the value of...
Use log, 3 < 0.584, log, 5 0.788, and log, 71.095 to approximate the value of the given logarithm to 3 decimal places. Assume thatb > 0 and b +1. 15 log) Solve the equation. 92x +5 = 27% – 6 The solution set is Use the model A - Per or 4-P1+ where A is the future value of P dollars 9 invested at interest rater compounded continuously or n times per year for t years. Victor puts aside...
Use the model A Peor A-P1+ where is the future value of dollars invested at interest rater compounded continuously or times per year for years. If $14,000 is invested in an account earning 7.5% interest compounded continuously, determine how long it will take the money to double. Round up to the nearest year. It will take approximately 9.3 years.
n1 Use the model A - Pe" or A-P where A is the future value of P dollars invested at interest rater compounded continuously or n times per year for years. Victor puts aside $10,000 in an account with interest compounded continuously at 2.2%. How long will it take for him to earn $2000? Round to the nearest month. It will take approximately years and months for him to earn $2000. where A is the future value of P dollars...
Use the model A -Pent or A-P -->(1 +)" where A is the future value of P dollars 9 invested at interest rater compounded continuously or n times per year for 1 years. Victor puts aside $4,000 in an account with interest compounded continuously at 2.7%. How long will it take for him toearn $1000? Round to the nearest month. It will take approximately years and months for him to earn $1000.
2Use the model A = Pent or 11 where A is the future value of P dollars invested at interest rater compounded continuously or n times per year for f years. $18,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to double? Round to the nearest tenth of a year. It will take approximately yr for the investment to double. te the table to determine the effect of the number of compounding periods...
will give thumbs up
Suppose that P dollars in principal is invested for years at the given interest rates with continuous compounding. Determine the amount that the investment is worth at the end of the given time period. P = $8000, t = 13 yr a. 2% interest b. 4% interest c. 4.5% interest Part 1 out of 3 a. At a 2% interest rate, the investment will be worth $ at the end of 13 yr. 2Use the model...
11 2Use the model A = Pent or A = P1+ where A is the future value of P dollars invested at interest rater compounded continuously or n times per year for t years. $9,000 is invested at 5% interest compounded monthly. How long will it take for the investm to double? Round to the nearest tenth of a year. It will take approximately yr for the investment to double. The intensities of earthquakes are measured with seismographs all over...
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.
Find the future value and interest earned if $8806.54 is invested for 9 years at 6% compounded (a) serniannually and (b) continuously (a) The future value when interest is compounded semiannually is approximately $ (Type an integer or decimal rounded to the nearest hundredth as needed.) The interest earned is approximately $. (Type an integer or decimal rounded to the nearest hundredth as needed) (b) The future value when interest is compounded continuously is approximately $) (Type an integer or...
Use log, 3 < 0.584, log, 5 0.788, and log, 71.095 to approximate the value of the given logarithm to 3 decimal places. Assume thatb > 0 and b +1. 15 log) Solve the equation. 92x +5 = 27% – 6 The solution set is Use the model A - Per or 4-P1+ where A is the future value of P dollars 9 invested at interest rater compounded continuously or n times per year for t years. Victor puts aside...
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