If Emery has $1700 to invest at 6% per year compounded continously, how long will it...
If emory has 2,300 to invest at 5% per year compounded monthly, how long will it be before he has $2,800? If the compounding is continuous, how long will it be? ( Round your answers to three decimal places.) a. 119.311 yrs, 4.334 yrs b. 0.047 yrs, 0.393 yrs c. 3.942 yrs, 3.934 yrs d. 0.336 yrs, 0.328 yrs
(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...
Determine the final amount when $2500 is continously compounded at 3.5% for 4 years a) how much do you have to invest today at 4.5% compounded quarterly, to obtain $10,000 in return in 4 years?
You have received $50000 from your aunt. You invest 6% compounded annually. How long will it take to amount to a million
23. If you invest $100 per month in the stock market, how long will it be before your account has $1,000,000 in it? Assume that you earn an annual return of 12% on your stock market investments. (6 points)
Question 4 Ali has decided to invest $100 in a savings account paying 6% interest compounded semiannually. Find the future value if he leaves his money in the account for 2 years?
Steve recently inherited $70,000 that he feels he can invest and earn 4% compounded semiannually. If this is the only investment he can make toward his goal, how many years will it take before Steve has $100,000. a. 18 years b. 4.5 years c. 6 years d. 9 years
In the year 2003, $1700 was invested in an account that pays interest at a 2% annual rate, compounded continuously. Let A (t) be the amount of money, in dollars, in the account at time t, where t = 0 corresponds to the year 2003. Write a formula for A (t) A(t) = 1700(1.02) A(t) = 1700(2) none of these A(t) = 1700(e) 0.02 A (t) = 1700 + 2+ In the year 2003, $1700 was invested in an account...
Parents agree to invest $600 (at 6%, compounded semiannually) for their son on the December 31 or June 30 following each semester that he makes the dean's list during his 4 years in college. If he makes the dean's list in each of the 3 semesters, how much money will his parents have to give him when he graduates? (a) State whether the problem relates to an ordinary annuity or an annuity due ordinary annuity O annuity due (6) Solve...
Yesterday you won $340,000 and decided to invest your money at 9.15% per year (compounded annually). How much money could you withdraw at the end of the next 14 years? A. $39,654.39 B. $43,685.53 C. $44,036.48 D. $46,556.22 E. $44,001.93