How much should be invested now at an interest rate of 6.5% per year, compounded continuously, to have $2500 in four years? Do not round any intermediate computations, and round your answer to the nearest cent.

Q: How much time is n for $300 to accumul

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

Q: How long (in years) will it take to triple your money if it is invested in a certificate of deposit…

A: Money is invested in a certificate of deposit (CD) and it is given that,Annual interest rate = 4% =…

Q: I have $1,000 in an account which pays 5.45% annually compounded interest. Assuming this interest…

A: Given, Principal amount, P= $1,000 Interest rate, r = 5.45% = 0.0545 Future Amount, A= $2,000…

Q: amount of $50,000 is borrowed for 13 years at 4.5% interest, compounded annually. If the loan is…

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Q: how much will a invesment of $500 be worth after 7 years if it earned a yearly rate of 7.2%…

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Q: The desired accumulated amount is $60,000after 11 years invested in an account with 2.3% interest…

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Q: If $6,000 is invested at 3% compounded monthly, what is the amount after 9 years? The amount after 9…

A: Invested amount P = $ 6,000               Interest rate  r = 3 %  = 3100 = 0.03…

Q: Find the interest rate needed for an investment of $7,000 to quadruple in 7 years if interest is…

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