Find the time required for an investment of 5000 dollars to grow to 8800 dollars at an interest rate of 7.5 percent per year, compounded quarterly. Your answer is t = (round to 2 decimal places) years

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: Find the interest rate needed for an investment of $4000 to quadruple in 12 years if interest is…

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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: 37500 dollars is invested at an interest rate of 5 percent per year, find the value of the…

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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: 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: Charlie invests $11000 into a savings account that grows at an interest rate of 4.5% per year.How…

A: Rate of interest for 1 week = (4.5%)/(Number of weeks) = (4.5%)/52

Q: Find how many years it would take for an investment of $3500 to grow to $8400 at an annual interest…

A: Given that an investment of $3500 to grow to $8400 at an annual invest rate of 7.2 % compounded…

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Q: Find the time required for an investment of 5000 dollars to grow to 8600 dollars at an interest rate…

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