How long will it take money to triple if it is invested at 6% compounded quarterly? 8.1% compounded continuously? .....

Q: How much money needs to be deposited now into an account to obtain $8,000 in 14 years if the…

A: Given

Q: How many years are required for P20,000 to increase to P30,000 if invested at 16% per year…

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Q: How much money needs to be deposited now into an account to obtain $3,300 in 14 years if the…

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Q: How long did it take for an investment of $21,250 to grow to at least $24,000 at 2.50% compounded…

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Q: Avery invested $21,000 in an account paying an interest rate of 3.3% compounded continuously.…

A: GIVEN Principal , P = $21000\ Amount , A = 29200 Rate , r = 3.3% = 0.033 For continuously…

Q: What rate of interest compounded annually is required to double an investment in 4 years? The rate…

A: Formula used:The simply annual compound interest formula

Q: Which of the given interest rates and compounding periods would provide the best investment? 2% per…

A: Given thatThree different interest rates are as following

Q: how long will it take $15,000 to grow to $18,000 if the investment earns interest at the rate of…

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Q: How long does it take for an investment to double in value if it is invested at 5% compounded…

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Q: Logan is going to invest in an account paying an interest rate of 3.1% compounded continuously. How…

A: We have given amount A = $990  Rate of interest r = 3.1% = 0.031 Time t= 6 years   We have to find…

Q: Shemp has inherited $50,000 from a recently deceased long-lost aunt. He invests his newfound money…

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Q: How long will it take an investment to double in value if a 9% continuously compounded interest rate…

A: Let investment = P  If amount double, A = 2P  Interest rate, r = 9% 9100=0.09 Using formula for…

Q: How much money must be deposited today to become $1800 in 50 years at 7.5% compounded continuously?

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Q: What is the compound interest if $42,000 is invested for 15 years at 6% compounded continuously?…

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Q: What is the compound interest if $43,000 is invested for 5 years at 6% compounded continuously?

A: To find the final value of an investment use this compound interestformula:Investment Value = P x (…

Q: How long will it take an investment to double in value if a 5% continuously compounded interest rate…

A: Rate=5%

Q: 27. How long will it take money to double if it invested at 6% compounded monthly? 9% compounded…

A: If P=initial investment, r = interest rate compounded monthly  and A= amount after t years , then we…

Q: How long will it take for a deposit of $3000 to grow into $10,000 at 8.4% compounded yearly

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Q: What is the compound interest if $460 is invested for 14 years at 6% compounded continuously? (Round…

A: Let the final amount= A Given that principal amount = P= 460 Time=t=14 years interest = r= 6%=0.06

Q: How much should be invested now at an interest rate of 6% per year, compounded continuously, to have…

A: Given that, Interest rate (r) = 6% or 0.06 per annum compounded Final amount (A) = $ 3500 Time…

Q: What is the compound interest if $41,000 is invested for 15 years at 8% compounded continuously?

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Q: how many years will it take for an initial deposit of p dollars to double if interest is compounded…

A: Given,           The initial deposit is p dollars and the rate of interest is 3%.

Q: invested at a bond growing at an average rate of 8.25% compounded monthly if its value at maturity…

A: Maturity value: The amount due and payable to the holder of a financial obligation as of the…

Q: What is the compound interest if $490 is invested for 12 years at 10% compounded continuously?…

A: Given Principal =$490. Rate       =10%=0.10. Time      =12 years.

Q: What is the compound interest if $48,000 is invested for 5 years at 8% compounded continuously?…

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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: Find the value of $30,000 invested for 4years at 15.3% interest if the compounding is done…

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Q: How long will it take $12,000 to grow to $15,000 if the investment earns interest at the rate of…

A: Given :          $12,000 to grow to $15,000 the investment earns interest at the rate of 4%/year…

Q: find the present value of $100,000 if interest is paid at a rate of 8% per year, compounded…

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Q: 4. How many years will it take for 500.00 to grow to P1,051.82 at 10 percent compounded annually

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Q: 4. How long will it take $2,000 to grow to $24,000 if it is invested at 7% compounded monthly?

A: Given that  P=Principal amount= $2000                                              A=Annual rate of…

Q: How much should you invest now (to the nearest dollar) in an account that earns interest at a rate…

A: Given: Amount after 15 years=$11,000 Rate of interest compounded continuously=6.4% To find: Amount…

Q: $2000 is compounded annually at a rate of 10​% for 3 years.

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Q: How many years are required for P1,000.00 to increase to P2,000.00 if invested at 9% per year…

A: Solved below

Q: What is the compound interest if $45,000 is invested for 10 years at 6% compounded continuously?…

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Q: how much should you invest at 4.8% compounded continuously to have $5000 in 2 years

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Q: Consider an investment where $48,000 is invested for 15 years at 8% compounded continuously. (a)…

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Q: t what monthly compounded interest rate does it take five years for an investment to quadruple?

A: Compound interest formula is given by    A = P(1+rn)nt           where P = principal…

Q: What present value amounts to $20,000 if it is invested for 15 years at 6% compounded…

A: Compound interest: Formula :  A=P1+rnnt where ; A is the amount . P is the principal or invested…

Q: At what rate compounded monthly should be P25,000 be deposited in a bank to gain an interest of…

A:

Q: What is the compound interest if $46,000 is invested for 10 years at 8% compounded continuously?…

A: Amount in continuous compound interest: where,

Q: Find the accumulated value of an investment of $20,000 for 6 years at an interest rate of 6% if the…

A: a. 28515.22 b. 28590.06 c. 28640.89 d. 28666.59

Q: How much time does it take for a $7,550 investment to grow to $10,800 in an account compounded…

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Q: (a) How long does it take for an investment to triple invalue if it is invested at 6% compounded…

A: (a). When interest is compounded periodically then formula for amount is given as: A=P1+rnnt, where…

Q: What is the compound interest if $48,000 is invested for 10 years at 8% compounded continuously?…

A:

Q: How long did it take for an investment of $25,000 to grow to at least $28,000 at 2.75% compounded…

A: Given: A = $28000 P = $25000 r = 2.75% We know the quarterly compound interest formula as A=P1+r44t.…

Q: What is the compound interest if $490 is invested for 15 years at 10% compounded continuously?…

A: Principal=$490 Rate of interest =10%                           =10100                          = 0.1…

Q: What present value P amounts to $280,000 if it is invested at 8%, compounded semiannually, for 16…

A: If investment or present value = $P interest rate = r  compounded m times per year. and time period=…

Q: How long does it take for an investment to double in value if it is invested at 5​% compounded…

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Q: A philanthropist deposits $50,000 into a trust fund that pays 4.5%, compounded continuously. The…

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