How long will it take for $3, 600 to double if it is invested at 7% annual interest compounded 12 times a year? Enter in exact calculations or round to 3 decimal places. It will take years to double. Preview How long will it take if the interest is compounded continuously? Compounded continuously, it would only take years. Preview

Q: 4. How much should be invested at 12.5% compounded continuously to end up with $1000 at the end of 5…

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Q: In the year 1977 a new house was appraised at $182000. According to the CPI data, how much should a…

A: Given that, In the year 1977 a new house was appraised at $182000.

Q: If $2102 is invested at 13% for 28 years

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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: Suppose that $1,000 is invested at 5% interest compounded continuously. Use the formula A = Pert.…

A: It is given that $1,000 is invested at 5% interest compounded continuously. That is, P=1000,r=5%.…

Q: Suppose an investment of $5000 is compounded continuously at an annual interest rate of 4%. At the…

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Q: A bank note will be worth $75,500 when it matures in 8 years. If the note pays 3.93% per year…

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Q: Jesaki Bank offers a 10-year CD that earns 2.5% compounded continuously. If $10,000 is invested in…

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Q: When you were born, your parents wanted to deposit money into an account to help with college…

A: Let the principal amount= P Final amount= A= 50000 Time= t= 18 years Interest= r= 3.25%=0.0325

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: alculate the present value PV (in dollars) of an investment that will be worth $1,000 at the stated…

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Q: Solve the equation to four decimal places. 2.10612t = 3 (Round to four decimal places as needed.)

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