How long (in years) would it take $12,200 to grow into $24,000 if it's compounded continuously at 6.8% interest per year? years (Round your answer to 2 decimal places.) Answer:

Q: How much money would you need to invest now to obtain $5, 500 in a CD account in 15 years if the…

A:

Q: If you leave $5400 in an account earning 4% interest, compounded daily, how much money will be in…

A:

Q: ou invest $1400 in an account compounded continuously at 2.25$ for 5 years. How much money do you…

A: Formula for finding the amount in compound interest - A = P1+R100t…

Q: An investment of $8000 earns interest at 6% p.a., compounded semi annually over 2 years is what?

A:

Q: How long will it take $7,000 to grow to $10,000 at 6Ya annual interest compounded monthly. Rorurd…

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: How many years will it take for $7000 to grow into $12,450.20 at 8.4% compounded semiannually?

A: How many years will it take for $7000 to grow into $12,450.20 at 8.4% compounded semiannually?

Q: How long (in years) will it take $4,000 to grow to $6,000 if the investment earns interest at the…

A: Given, Initial Value P=$4000 Future Value A=$6000 Rate of interest r=3%=0.03 compounded monthly Time…

Q: A worker has $194 deducted from their paycheck each month for 6 years.  The money is deposited into…

A:

Q: You would like to put some money into an account so that you will have $6000 in the account 8 years…

A: Consider the formula to find the present value : PV=FV1+rknk where FV is the future value, r is the…

Q: How much money must you invest at an interest rate of 6% compounded quarterly in order to have $2000…

A: The compound interest can be calculated by the following formula:  A= final amount = $2000 P =…

Q: An amount of $2200 is invested at a 6.6% annual interest rate, compounded monthly. How many months…

A: Given amount is $2200 is invested at a 6.6% annual interest rate, compounded monthly. Let, after t…

Q: You deposit $7500 into an account that earns 4% annual interest compounded continously. What will…

A: The formula for the future value of a continuous compounding investment is:…

Q: How long will it take $10,000 to grow to $12,000 if the investment earns interest at the rate of…

A: We have to find how many years will it take  $10,000 to grow to $12,000 if the investment earns…

Q: How many years will it take for $3000 to grow into $8052.79 at 8.4% compounded semiannually? Use the…

A: Let us consider the   FV = Future value of money  PV = Present value of money i = interest rate (in…

Q: Christa wants to invest $50,000 in a retirement fund. One investment offers 8% compounded quarterly.…

A: Here we have, P=50000r=8%=0.08n=4 for quarterly compoundt=1 yearThe compound interest formula is…

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: To have $12 000 in 25 years, how much do you need to invest now at 6.5% compounded annually?

A:

Q: Dolores wants to save $70 a month in an account which pays 6% interest compounded monthly. If they…

A: The future value F of an annuity of n payments of E dollars each, paid at the end of each investment…