In 2001, a sum of $3000 was invested at a rate of 6.5% per year for 18 years. a) Write an equation to model this investment and use it to find the value of the investment at the end of the 18 years. b) If there needed to be $15000 at the end of the 18 years, find the approximate interest rate(to nearest tenth) that would be required to accumulate this amount.

Q: investment to triple in value during 21 ye period . what annually compounded rate of return must it…

A: Given query is to find rate of interest.

Q: A company will need $25,000 in 8 years for a new addition. To meet this goal, the company deposits…

A:

Q: A house was valued at $110,000 in the year 1991. The value appreciated to $150,000 by the year 2006.…

A: Given: house value in year 1991 was $110000, and house value in year 2006 was $150000. A) To find…

Q: A sum of $6 000 is invested at an interest rate of 6.4% per year. Find the time required for the…

A:

Q: A gift of $9000 to a city grew to $10,000,000 in 200 years. At what interest rate compounded…

A:

Q: The interest rate for an investment under $4000 is 5.25%, compounded monthly. a) If $3700 is…

A:

Q: If an investmentof $1000 grew to $13500 in 9 years. what interest rate compounded annually.did this…

A:

Q: represent

A: We will find the equation for compounding.

Q: Suppose that a sum of money is invested at an annual interest rate of 4%. Determine the time, in…

A:

Q: Richard invests $205.42 every month into his retirement. At the end of 30 years, he has a balance of…

A: ANSWER :