How much money needs to be deposited now into an account to obtain $8,100 in 8 years if the interest rate is 5.5% per year compounded continuously? Round your answer to 2 decimal places > Next Question

Q: $600 is deposited in an account that pays 7% annual interest compounded continuously what is the…

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Q: You have decided to set aside a fixed amount every quarter in order to have $28,000 available for a…

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Q: How much money should be deposited today in an account that earns 6% compounded semiannually so that…

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

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Q: A savings account starts with $231.25. After 8 years of continuous compounding at an interest rate,…

A: Here we find the interest rate for given problem.

Q: Determine the interest rate required for an investment of $1500 to be worth $1800 after 3 years if…

A: The formula for the amount when the interest is compounded quarterly is A=P1+r41004t.

Q: How much interest is earned on an initial investment of $700 with a 5 % annual rate for 2 years?

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Q: If Hannah places $ 4500 into an account earning 7.25% interest compounded continuously, how much…

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

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Q: You deposit $6000 in an account earning 5% interest compounded monthly. How much will you have in…

A: Given: The amount $4000 deposit in an account with rate of interest 5.1%, compounded monthly for 7…