a)What rate of interest compounded annually is needed to make an investment of $6,500 accumulate to an amount of $7166.25 at the end of two years? b) How long will it take for the initial amount to double, compounded annually at the rate in (a) above?

Q: S=P(1+r)tS=P(1+r)t

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A: Compounded continuously

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A:

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A: Initial Inverstment:  P=$5000Interest rate:  R=5%  per annum

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A:

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A: The objective of the question is to calculate the future value of an investment of $100 compounded…

Q: Use the compound interest formulas A = P1.nt and A = Pert to solve. %3D Find the accumulated value…

A: We have to find  accumulated value of an investment.

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A: Given that, P=$1000, A=$3000 and r=0.10.

Q: If ​$100100 is invested at 77​% compounded   ​(A) annually, ​ (B) quarterly, ​ (C) monthly,   what…

A: The objective of this question is to calculate the future value of an investment compounded at…

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A:

Q: An initial amount, P₁ = $800, is invested at an initial rate of 3.6% for 7 years. a) Find the future…

A: (a)To find the future value of the initial investment when interest is compounded quarterly, you can…

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Q: Please make sure the answer is correct 100% Question1: A principal amount $1500 (P) is invested for…

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Q: When interest is continually compounded, at any time the amount of money increases proportionally to…

A: When the interest is compounded continually, then the formula that is used is A=Pert , where, P is…

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Q: ly to grow to $6540 40 mont

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A: The solution for the above question is as shown below.

Q: How long (in days)do you need to invest your money in an account earning an annual interest rate of…

A: Given: Interest rate r=2.248% =2.248100=0.02248           let initial amount be P Given the initial…

Q: The article "Expectation Analysis of the Probability of Failure for Water Supply Pipes"t proposed…

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