How long before an account with initial deposit of $73 compounded continuously at 11.65% annual rate becomes $883? (Round your answer to 2 decimal places.) Number 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 amount of money in an account after 10 years if $1,300 is deposited at 8​% annual interest…

A: Principal p =$1300 deposited  Rate =8% annual compounded monthly Time = 10 years To calculate total…

Q: A deposit of $3, 000 earns 2% interest compounded semiannually. How much money is in the bank after…

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Q: Suppose that you want to save up $2000 for a semester abroad two years from now. How much do you…

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Q: You deposit 1000 each year into an account earning 6% interest compounded annually. How much will…

A: This is the problem related to financial mathematics and we are advanced math expert and have option…

Q: We put $500 in an account earning interest compounded continously. What interest rate do we need if…

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Q: A loan worth $10 000 is due in 5 years. Which compounding period will result in the highest amount…

A: We will talk about a loan worth $10 000 which is due in 5 years. Which compounding period will…

Q: A country with three states has 60 seats in the legislature. The population of each state is shown…

A: Given that a country with three states has 60 seats in the legislature. a) It is required to…

Q: How much money would you need to deposit today at 5% annual interest compounded monthly to have…

A: Reviewing information, Given r=Annual interest rate=5% A=Amount in the account=$20,000  t=duration=9…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: Given, A = Accrued amount = $5000 r = Interest rate = 0.02 n = number of months = 5 t = time…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: A deposit of $2, 150 earns 6% interest compounded quarterly. How much money is in the bank after for…

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Q: Find the amount of money in an account after 4 years if $1800 is deposited at 5% annual interest…

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Q: Every 6 months you put $1200 into a bank account that has an APR of 8% that gets compounded monthly.…

A: The objective of this question is to calculate the total amount in the bank account after 8 years,…