Find the time required for a sum of money totriple itself at 5% per annum compoundedcontinuously.18.23 years23.36 years7.с.25.34 yearsа.b.d.21.97 years

Given Raate of interest=5℅ Let principle amount=100 Future principle amount=300

Answered: Find the time required for a sum of…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Suppose you deposit $2,500 in a CD paying 8% interest, compounded every other month. How much will you have in the account after 15 years? Round your answer to the nearest cent._____________________________ these are not answers$8,267.35$8,267.30$3,333.60$3,333.62$6,508.70$6,508.72$6,508.50 $8,267.31
Find the value of the annuity and the interest. Round to the nearest dollar. nt P 1+ n - 1 A P[(1 +r}* - 1] A = A = P = r r nt + - 1 Periodic Deposit: $1000 at the end of each year Rate: 5.5% compounded annually Time: 13 years O A. $18,287; $5,287 B. $16,386; $3,386 C. $36,469; $23,469 D. $3,457; $9,543
3
Find the value of the annuity and the interest. Round to the nearest dollar. nt P[1+ g* -1] 1+ - 1 A A = A = P = nt 1+ Periodic Deposit: $100 at the end of each year Rate: 6% compounded annually Time: 12 years O A. $1,687; $487 O B. $1,497; $297 O C. $316; $884 O D. $3,354; $2,154 acer
5 lessons You want to be able to withdraw $7500 from an account at the end of each 6-month period (that is, twice a year) for the next 13 years. How much money should you invest now into an account earning 4.5% interest per year, compounded every 6 months, in order to fund the desired withdrawals? Assume the account is empty after the last withdrawal is 7 lessons 8 lessons made. Give the answer correctly to 2 decimal places. 3 lessons The amount to invest now is dollars. r4lessons
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4.3.89 Question Help ▼ Find the time required for the investment given in the table below to grow to the specified amount. Ending Balance $18,000 Principal Rate Compounded Time $12,500 4% Daily The investment will grow to $18,000 in (Do not round until the inal answer. Then round to one decimal place as needed.) Oye years.

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Find the time required for a sum of money to triple itself at 5% per annum compounded continuously. 18.23 years 25.34 years 21.97 years с. 1. 23.36 years p. d.