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: Find the time required for an investment of 5000 dollars to grow to 6200 dollars at an interest rate…

A: We will use the compound interest formula to find the time.

Q: compounded quarterly.

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

A:

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

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: tamika borrowed $8000 at 11% compounded continuously. finf the time required for the amount for the…

A: Given,Tamika borrowed $8000 at 11% compounded continuously.i.e., P=8000, r=11%=0.11

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: You deposited $5,000 in an account with an annual interest rate of 4% compounded quarterly for 18…

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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…

Q: Find the time required for an investment of 5000 dollars to grow to 6600 dollars at an interest rate…

A: The formula to find the amount A in an account after t years with principal P and an annual interest…

Q: How long will it take to triple an investment at 4.6 percent per year, compounded quarterly? Round…

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