Math
$2000 takes 18 years to double. If the interest is compounded annually, how long will it take to become 5 times that amount?
Homework Answers
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...
1. What is the value of the following investments in the future? (show your work): a)...
1. What is the value of the following investments in the future? (show your work): a) b) c) d) e) $6,000 invested for 5 years at 16% compounded quarterly?.. $9,000 invested for 7 years at 8% compounded semi-annually? $875 invested for 1 year at 12% compounded monthly?» $22,000 invested for 5 years at 5% compounded annually?» How long will it take to double your investment if the interest rate is 3%?
how do you solve question 7? grade 11 math, please show your work 6) 7) Beth...
how
do you solve question 7?
grade 11 math, please show your work
6) 7) Beth invests $1000 into an account paying 6% / compounded monthly for 4 years. Determine the amount of interest she earns Determine the interest rate to the nearest percent) required for money to double in 5 years if the interest rate is compounded semi-annually. (Trial and error®, make your first guess 12% and remember to divide by 2) Boris wants to have $1,000,000 when he...
(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
Problem 1 If an initial investment of $500 is invested at 1% annually compounded continuously (HINT: Refer to the examp...
Problem 1 If an initial investment of $500 is invested at 1% annually compounded continuously (HINT: Refer to the example in the notes. Can use I(t) for the investment money, p0.001 for the 1% interest) a) Provide the ODE for the investment b) How much wll the investment be worth in 5 years (t=5)? c) How long will it take for the initial investment to double? (hint: find t given It)1000)
Problem 1 If an initial investment of $500 is...
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...
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.
T-Mobile Wi-Fi 11:57 AM Close Homework for April 9.pdf Homework for Class #3-April 9-(20 points) Do...
T-Mobile Wi-Fi 11:57 AM Close Homework for April 9.pdf Homework for Class #3-April 9-(20 points) Do the problems 0ค separate paper, use penciL Show all compatations. Begin wath the Homework is due at beginning of dass Not acepted after class begins m da whereindcสed. ST-2 FUTURE VALUE it is now January 1, 2014 Today you wil deposit $1,000 into a wings account that pays 8%. a If the bank compounds interest annually, how much will you have in your account...
how long would it take for 1000 to double to 2000 paying 2.4% interest compounded continuously
how long would it take for 1000 to double to 2000 paying 2.4% interest compounded continuously
At a simple interest rate of 10% per year, determine how long will it take $10,000...
At a simple interest rate of 10% per year, determine how long will it take $10,000 to increase to 4 times as much. Compare the time it will take to double if the rate is 20% per year simple interest. At an interest rate of 10%, it will take_____ years for the amount to increase 4 times as much.It will take______ years for the amount to double at an interest rate of 20%.
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...
1. What is the value of the following investments in the future? (show your work): a) b) c) d) e) $6,000 invested for 5 years at 16% compounded quarterly?.. $9,000 invested for 7 years at 8% compounded semi-annually? $875 invested for 1 year at 12% compounded monthly?» $22,000 invested for 5 years at 5% compounded annually?» How long will it take to double your investment if the interest rate is 3%?
how
do you solve question 7?
grade 11 math, please show your work
6) 7) Beth invests $1000 into an account paying 6% / compounded monthly for 4 years. Determine the amount of interest she earns Determine the interest rate to the nearest percent) required for money to double in 5 years if the interest rate is compounded semi-annually. (Trial and error®, make your first guess 12% and remember to divide by 2) Boris wants to have $1,000,000 when he...
(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
Problem 1 If an initial investment of $500 is invested at 1% annually compounded continuously (HINT: Refer to the example in the notes. Can use I(t) for the investment money, p0.001 for the 1% interest) a) Provide the ODE for the investment b) How much wll the investment be worth in 5 years (t=5)? c) How long will it take for the initial investment to double? (hint: find t given It)1000)
Problem 1 If an initial investment of $500 is...
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...
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.
T-Mobile Wi-Fi 11:57 AM Close Homework for April 9.pdf Homework for Class #3-April 9-(20 points) Do the problems 0ค separate paper, use penciL Show all compatations. Begin wath the Homework is due at beginning of dass Not acepted after class begins m da whereindcสed. ST-2 FUTURE VALUE it is now January 1, 2014 Today you wil deposit $1,000 into a wings account that pays 8%. a If the bank compounds interest annually, how much will you have in your account...
Most questions answered within 3 hours.
-
consider the following price index in 2017:85; price
index in 2018: 100; price index 2019: 110;...
asked 18 minutes ago -
What is the [CH3COO–]/[CH3COOH]
ratio necessary to make a buffer solution with a pH of 4.34?...
asked 24 minutes ago -
a
physics textbook is thrown straight upward with a velocity of 5.00
m/s from the too...
asked 24 minutes ago -
QUESTION: Provide a real-world example or describe a
hypothetical situation in which a legitimate organization used...
asked 22 minutes ago -
In the United States, laws mandating that companies be
responsible for take back of electronic wastes...
asked 40 minutes ago -
URGENT PLEASE HELP. could you make it easy to understand and in
C++ thanks
1. (30...
asked 48 minutes ago -
Case Study. Multi Projects
Multi Projects, Inc., is a well-established consulting firm
with 400 employees. It...
asked 53 minutes ago -
An 8.00 kg point mass and a 15.0 kg point mass are held in place
50.0...
asked 54 minutes ago -
What would cause my program to execute the first if statement no
problem, but the second...
asked 55 minutes ago -
The Department of Transportation (DOT) would like to test the
hypothesis that the average age of...
asked 1 hour ago -
Suppose Hoosiers, a specialty clothing store, rents space at a
local mall for one year, paying...
asked 1 hour ago -
2. Your client from number 1 above is absolutely ecstatic about
the verdict in the immunization...
asked 1 hour ago