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.
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How long will it take for 2.400 to grow to 38.700 at an interest
rate of...
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.
How long will it take for a $2500 investment to grow to $4000 at an annual...
How long will it take for a $2500 investment to grow to $4000 at an annual rate of 15%, compounded monthly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth If necessary, refer to the list of financial formulas. U years I Don't Know Sulit 2020 M Als Res
(a) How long will it take an investment to double in value of the Interest rate...
(a) How long will it take an investment to double in value of the Interest rate is 6% compounded continuously? (Round your answer to one decimal place.) 11.6 years (b) What if the interest is compounded annually? (Round your answer to one decimal place.) x years
Christine O'Brien, who is self-employed, wants to investa. Choose the investment which will earn the most $80,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers...
Christine O'Brien, who is self-employed, wants to investa. Choose the investment which will earn the most $80,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers 5.75% compounded continuously. a. Which investment will earn the most interest in 5 years? b. How much more wil the better plan earn? C. What is the effective rate in each case? interest below O compounded continuously O compounded quarterly b. The difference is $ d. If Ms. O'Brien chooses the...
8.6.50 How long will it take for an investment to triple, if interest is compounded continuously...
8.6.50 How long will it take for an investment to triple, if interest is compounded continuously at 7%? It will take years before the investment triples. (Round to the nearest tenth of a year.)
How much will $100 grow to if invested at a continuously compounded interest rate of 7.75%...
How much will $100 grow to if invested at a continuously compounded interest rate of 7.75% for 9 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.) How much will $100 grow to if invested at a continuously compounded interest rate of 9% for 7.75 years? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
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%...
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.)
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...
(Compound value solving for n) How many years will the following take? a. $520 to grow...
(Compound value solving for n) How many years will the following take? a. $520 to grow to $1,348.75 if invested at 10 percent compounded annually b. $33 to grow to $56.70 if invested at 7 percent compounded annually c. $95 to grow to $465.31 if invested at 13 percent compounded annually d. $57 to grow to $69.28 if invested at 5 percent compounded annually a. How many years will it take for $520 to grow to $1,348.75 if invested at...
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.
How long will it take for a $2500 investment to grow to $4000 at an annual rate of 15%, compounded monthly? Assume that no withdrawals are made. Do not round any intermediate computations, and round your answer to the nearest hundredth If necessary, refer to the list of financial formulas. U years I Don't Know Sulit 2020 M Als Res
(a) How long will it take an investment to double in value of the Interest rate is 6% compounded continuously? (Round your answer to one decimal place.) 11.6 years (b) What if the interest is compounded annually? (Round your answer to one decimal place.) x years
Christine O'Brien, who is self-employed, wants to investa. Choose the investment which will earn the most $80,000 in a pension plan. One investment offers 6% compounded quarterly. Another offers 5.75% compounded continuously. a. Which investment will earn the most interest in 5 years? b. How much more wil the better plan earn? C. What is the effective rate in each case? interest below O compounded continuously O compounded quarterly b. The difference is $ d. If Ms. O'Brien chooses the...
8.6.50 How long will it take for an investment to triple, if interest is compounded continuously at 7%? It will take years before the investment triples. (Round to the nearest tenth of a year.)
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.)
(Compound value solving for n) How many years will the following take? a. $520 to grow to $1,348.75 if invested at 10 percent compounded annually b. $33 to grow to $56.70 if invested at 7 percent compounded annually c. $95 to grow to $465.31 if invested at 13 percent compounded annually d. $57 to grow to $69.28 if invested at 5 percent compounded annually a. How many years will it take for $520 to grow to $1,348.75 if invested at...
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