SECTION 4.2 The Natural Exponential Function 34333. Compound Interest If $2000 is invested at an interest rateof 3.5% per year, compounded continuously, find the valueof the investment after the given number of years.(а) 2 years(b) 4 yearsamruhspol(c) 12 years

Given query is to find the future amount for the given years.

Answered: 33. Compound Interest If $2000 is…

Calculus: Early Transcendentals

8th Edition

ISBN:9781285741550

Author:James Stewart

Publisher:James Stewart

Chapter1: Functions And Models

Section: Chapter Questions

Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...

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Similar questions

Find the time required for an investment of 5000 dollars to grow to 8000 dollars at an interest rate of 6.8 percent per year, compounded daily. _______________years.
Compound Interest F. Determine the value of n and t in each problem below. 1. How much is the interest of an investment at 4% compounded quarterly for 2 years? 2. Caleulate the compound amount of Php 4,000 compounded monthly for 1 years? 3. A man deposited Php 20,000 in a savings bank that pays 4-% compounded semi-annually for 2 years and 6 months. What is the compound amount at the end of the term?
A-D
) Suppose the following expression gives us how much a certain investment account worths after some number of years. 40 0.05 2500 (1+ 4 (a) How much was the initial deposit? (b) How much is the annual interest rate? (c) How often is the interest compounded per year? (d) After how many years does the account worth this much? 5.
LUE OF MONEY It is now January 1, 2018, and you will need $1,000 on January 1, 2022, in 4years. If you have only $750 on January 1, 2019, what interest rate, compounded annually for 3 years,must you earn to have $1,000 on January 1, 2022?
de fosit $lo,00o in an account earning You 4% interest Compounded monthly 9 How mich will you have in the account in 25years bittow much interest will you earn

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33. Compound Interest If $2000 is invested at an interest rate of 3.5% per year, compounded continuously, find the value of the investment after the given number of years. (a) 2 years (b) 4 years (c) 12 years