1. How many years will a deposit triple itself at an interest rate of 7% per annum compounded continuously?

Q: A sum of money invested at 12% interest, compounded quarterly, will triple in amount in…

A: Present value is the value of investment in today's dollar. Future value is the value of investment…

Q: If you borrow $4,000, what single payment must you make after 5 years to repay the principal and…

A: Present value is the value of investment in today's dollar.  Future value is the value of investment…

Q: What is the amount of interest earned on $2,000 for five years at 10% simple interest per year?

A: here we calculate the interest earned by simple interest so the calculation as follow-

Q: Find an expression for the present value of an annuity on which payments are 1 at the end of each…

A: Our goal is to derive an expression for the present value of this annuity, taking into account the…

Q: How much will a bank deposit of $2,000 that pays 10% compound interest be worth at the end of 3…

A: Compounding interest is a type of interest calculation where the interest earned on a principal…

Q: You deposit $5000 each year into an account earning 8% interest compounded annually. How much will…

A: Uniform annual deposit (A) = $5000The interest rate on the deposits is 8% compounded annually. So i=…

Q: deposits increasing at a constant rate of 2.7% are made at the end of each year. The first deposit…

A: Initial deposit (P) = 1349Growth rate (g) = 2.7% (converted to decimal: 0.027)Interest rate (i) =…

Q: A series of equal quarterly payments of $5,000 for 10 years is equivalent to what present amount at…

A: Payment made quaterly = $5000 The time period for which the payment was made = 10 years Interest…

Q: In how many years will an amount be doubled if the interest rate is 6%?

A: Interest rate can be defined as the percentage of the loaned amount a borrower is obliged to pay to…

Q: What is the present value of a series of 6 payments of $5,000 each at 7.25%compounded annually?

A: here series of payment of $5000 is made at each year at constant interval, this is called the…

Q: I invested $5000 and earned $300 in interest in 9 years. What was the interest rate r if interest…

A: Continuous compounding is the numerical furthest reaches that accruing funds can reach if it's…