How long must you invest $410 at an interest rate of 7%/year, compounded annually, in order for it to grow to $3107? Use your knowledge of grade 11 finance A = P(1 +i)n and new knowledge of converting exponential equations to logarithms to help you solve. Round your answer to one decimal place. %3D Your Answer: Answer

Q: You want to have $16,500 in 10 years. You will invest how much into an account that has an annual…

A: If you have any doubts in the solution please ask me  in comments i will reply you as soon as…

Q: Kia invests $2500 at 4% compounded continuously.  Using the formula A(t) = Pert , find what time…

A:

Q: How long will it take an investment of $5000 to double if the investment earns interest at the rate…

A: We are given: Initial investment (P) = $5000 Accumulated amount (A) = $10000 ( Since we need…

Q: Name the formula that you use to solve the following problem. How much money should be deposited…

A:

Q: The population of Gibsonville in the year 1930 was 3100. Assume the population increased at the rate…

A:

Q: Use the formula 2 = = (1 + nt 100n to find the doubling time t, in years, for an investment at r%…

A:

Q: Nelson invested 5000 in savings account . If the interest rate is 1.62% how much will be in the…

A: Introduction: The formula of compound interest is given by, A=P1+rnnt Where P is the principal…

Q: Jane currently pays a $723 premium for health insurance. If the premium increases at a rate of…

A: P= pert

Q: How long will it take for an investment of $9,000 to triple if the investment earns interest at the…

A:

Q: The population of fruit flies in a lab was about 2.7 million in January 2020. On average, the growth…

A: a) Given that, the population of fruit flies in a lab was about 2.7 million in January 2020 and…

Q: An investor bought stock for $20,000. Seven years later, the stock was sold for $30,000. If interest…

A:

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: You invest $1000 today at 4% interest compounded continuously. How much will you have five years…

A: