Find the amount of time to the nearest day it would take a deposit of $2500 to grow to $1 million at 8% compounded continuously. The amount of time it would take to grow the deposit to $1 million is years days

Q: How much time is n for $300 to accumul

A: Introduction: The formula of compound interest is given by, A=P1+rnnt Where A is the final amount, P…

Q: Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6…

A: Given that Invested amount=$3500 Interest compounded continuously =2.75% Time=6 years To find  How…

Q: $600 is deposited in an account that pays 7% annual interest compounded continuously what is the…

A:

Q: Nelson invested 5000 in savings account . If the interest rate is 1.62% how much will be in the…

A: Introduction: The formula of compound interest is given by, A=P1+rnnt Where P is the principal…

Q: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

A:

Q: Suppose you had $100 to invest for 5 years. Determine the amount of the investment if it earned 7%…

A: Obtain the amount if the investment compounded monthly as follows.

Q: Find the amount of money an investment of $15,000 compounded continuously for 10 years at 6.25%…

A: Given: Principal = P = $15,000 Annual rate = R = 6.25% Time = 10 years   To find: Final Amount = A

Q: You deposit $5000 in an account earning 3% interest compounded continuously. How much will you have…

A: See the attachment

Q: Find the length of time required for $1000 to grow to $15 000 if the money was invested at 9%/a…

A: given initial amount=$1000 given final amount=$15000 given rate=9% per year

Q: Mary invests $1500 in an account that earns an interest rate of 4% compounded continuously. Will she…

A: The objective of this question is to determine whether Mary will have enough money in her account…

Q: When you were born, your parents wanted to deposit money into an account to help with college…

A: Let the principal amount= P Final amount= A= 50000 Time= t= 18 years Interest= r= 3.25%=0.0325

Q: Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6…

A: Given Principal amount p = $3500 Interest rate r = 2.75% = 0.0275 Time t = 6 years

Q: Hannah wants to have $ 4500 to help pay for a new deck in 7 years. If she wants to put her money…

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Q: Glory deposited the sum of $50000 in a bank account after 5 months she made another deposit of…

A: The solution are as follows

Q: You deposit $5000 in an account earning 6% interest compounded continuously. How much will you have…

A: We know that final amount A=Pert Given, P=Initial amount=$5000           r=rate of interest=6%=0.06…

Q: Chelsea invests $8,333 in a savings account with a fixed annual interest rate of 7% compounded…

A: Chelsea invests $8,333 in a savings account with a fixed annual interest rate of 7% compounded…

Q: find the interest rate needed for an investment of $5000 to grow to an amount of $7000 in 9 years if…

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