An initial investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth...
17. [O/1 Points] DETAILS PREVIOUS ANSWERS An initial investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $ 10709.92 Need Help? Read Watch Talk te Tutor
i think you could ise this method An initial investment of $3,000 earns 6% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $10709.92 x Submission 2 (0/1 points) Wednesday, July 29, 2020 10:52 PM CDT An initial Investment of $3,000 earns 8% interest compounded continuously. What will the investment be worth in 16 years? (Round your answer to the nearest cent.) $ 7789.92 x Submission 3 (0/1 points) Wednesday,...
Calculate, to the nearest cent, the future value FV of an investment of $10,000 at the stated interest rate after the stated amount of time. HINT (See Quick Examples 1 and 2.] 7.5% per year, compounded daily (assume 365 days/year), after 12 years FV = $ Need Help? Read It Watch It Talk to a Tutor . +-/1 points WaneFM7 2.2.012. Calculate the present value PV of an investment that will be worth $1,000 at the stated interest rate after...
13. + -14 points LarPCalc9 3.5.010 My Notes + Complete the table assuming continuously compounded interest. (Round your answers to two decimal places.) Initial Investment Annual % Rate Time to Double Amount After 10 Years $800 $1705 Need Help?Read It Talk to a Tutor Submit Answer Save Progress Practice Another Version 14. + -14 points LarPCalc9 3.5.011 My Notes Complete the table assuming continuously compounded interest. (Round your answers to two decimal places.) Initial Investment Annual 00 Rate Time to...
Consider an investment where $49,000 is invested for 15 years at 8% compounded continuously. How much will this investment be worth after 15 years? (Round your answer to the nearest cent.) What is the total amount earned in compound interest? (Round your answer to the nearest cent.)
An account is opened with an initial deposit of $3,000 and earns 4.1% interest compounded quarterly. What will the account be worth in 2 years?
NI- years? (Round your an If $88,000 is invested in an annuity that eams 5.8%, compounded quarterly, what payments will it provide at the end of each quarter for the next 8 nearest cent.) X Need Help? $173536 Read it Tik to a Tutor Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the next 6 years. Assume that money is worth 6.6%, compounded quarterly. (Round your answer to the nearest...
Suppose $200,000 used to establish an annuity that earns 8%, compounded quarterly, and pays $5500 at the end of each quarter How long will it be until the account balance is $02 (Round your answer UP to the newest quarter.) quarters Find the present value of an annuity due that pays $2000 at the beginning of each quarter for the next 6 years. Assume that money is worth 6.6%, compounded quarterly. (Round your answer to the nearest cont.) $ Need...
In this exercise, assume that there are no deposits or withdrawals. 1 2 2 2 years? (Round your answer to the nearest cent.) N An initial deposit of $1,100 earns 13% interest, compounded monthly. How much will be in the account in $ Read Watch Master Need Help? Teke Tutor
Suppose we have an investment that earns interest compounded continuously, and it takes 12 years for an initial investment of $20,000 to grow to $60,000 under this investment. How long does it take for the same initial investment of $20,000 to grow to $80,000? (“ln” below denotes natural log with base “e”)