Complete the table for the time t (in years) necessary for P dollars to triple if interest is compounded continuously at rate r. 8% 10% |11% 13% 14% 15% (Round the answer up to two decimal places.)

Q: You deposited $50 into a bank that offers 2.5% interest for 30 years. A: What is simple interest…

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Q: John has won the Maga-Bucks lottery, which pays $100.000 suppose he deposits the money in a saving…

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Q: An investment of $8000 earns interest at 6% p.a., compounded semi annually over 2 years is what?

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Q: A bond is purchased for $1,000 that pays 6 percent of the purchase price annually. Is the amount…

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Q: An investor bought stock for $50,000. Thirteen years later, the stock was sold for $60,000. If…

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Q: An investor bought stock for $20,000. Seven years later, the stock was sold for $30,000. If interest…

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Q: Find the time required for an investment of 5000 dollars to grow to 8800 dollars at an interest rate…

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Q: Determine the interest rate required for an investment of $1500 to be worth $1800 after 3 years if…

A: The formula for the amount when the interest is compounded quarterly is A=P1+r41004t.

Q: Find the value of $30,000 invested for 4years at 15.3% interest if the compounding is done…

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Q: Q8. How much should you invest now at 10% to have $32,000 toward the purchase of a car in 6 years if…

A: Concept: Compound interest is given by A=P1+rnnt Where A is the amount , P is the principle , r is…

Q: A building was bought for $130,000 and sold 17 years later for $470,000. What interest rate…

A: We will find which formula is appropriate and what should be the next logical step as following.

Q: We are going to invest $100,000 in an account that earns interest at a rate of 7.5% for 54 months.…

A: Solving the problem by finding the value of the interest.