How much money(USD) do you have to invest if it earns continuous compound interest and the investment is continuously paid out to your bank account at a rate of $100,000 per year, and after 100 years the money is all used up?
Interest rate is 'r', where r is whichever number leads to the smallest amount of money needed to be invested.
What is the equation needed to find this answer, rather than a specific numerical answer.
How much money(USD) do you have to invest if it earns continuous compound interest and the investment is continuously pa...
How much money must you invest now at 4.3% interest compounded continuously in order to have $10,000 at the end of 4 years? You must invest $ (Round to the nearest cent as needed.)
Continuous Interest 10. If you invest $7,000 at 12 % compounded continuously, how much world it be worth in three years?
An investment pays 5% interest compounded continuously. If money is invested steadily at the rate of $14,000, how much time is required until the value of the investment reaches $140,000? The amount of time required is approximately years. (Type an integer or decimal rounded to the nearest hundredth as needed.)
(1 point) A bank account earns 11 percent interest compounded continuously. At what (constant, continuous) rate must a parent deposit money into such an account in order to save 100000 dollars in 13 years for a child's college expenses? rate = (dollars/year) If the parent decides instead to deposit a lump sum now in order to attain the goal of 100000 dollars in 13 years, how much must be deposited now? amount = (dollars)
How much money should Sophie invest today into a fund that earns interest at 3.25% compounded quarterly, if she wants to receive $5,000 at the end of every 6 months for the next 5 years? (the answer is not 47836.37)
7. All of the following problems involve interest that is being compounded continuously (a) Compute the interest rate needed in order to double an invest- ment every seven years. (b) With a 10% interest, how long will it take to triple my initial investment. (c) Irvin forgot what is the interest rate at his bank. All he knows is that after five years, his initial investment doubled. When will it triple? (Hint: There are two unknowns; one is the interest...
(1 point) Your rich uncle the bequest require that this income stream be paid continuously into a specific savings account that will not be available to you for 15 years. This account earns 4.8% interest, compounded continuously. to you a continuous, constant income stream of $2000 per year for the next 15 years. The terms of What is the present value of the bequest? 21385.322 How much money would the bequest be worth (including all interest accrued) after 15 years?...
How do I work this problem out to get these answers? Thanks! How much money (in dollars) should you invest today at an annual interest rate of 7.3% compounded continuously so that, starting two years from today, you can make annual withdrawals of $4000 in perpetuity? If the annual withdrawals continue indefinitely, how much money should you invest today? First find the largest terms of the infinite series, then find the total amount you should invest today. Enter the three...
If you invest $71,136.92 today, how much will your investment grow to in 14 years if the interest rate is 1.13%, and interest is compounded monthly? Answer = Cash Flow = r = n =
7. All of the following problems involve interest that is being compounded (a) Compute the interest rate needed in order to double an invest- (b) With a 10% interest, how long will it take to triple my initial continuously ment every seven years. investment. (c) Irvin forgot what is the interest rate at his bank. All he knows is that after five years, his initial investment doubled. When will it triple? (Hint: There are two unknowns; one is the interest...