In 6 years you want to have $10, 000 to buy a car. If you can get an annual interest rate of 4% compounded continuously, how much should you invest now?

Q: If Tyler needs to have $1 7000 to buy a car in 4 years, how much money would he have to place into…

A: tyler needs=$17000 t=4year r=5% principle  amount ?

Q: Gem plans to purchase an e-bike in 6 months so they open an account earning an annual interest of…

A: We have to find how much money is needed to open the account in order to reach the goal using given…

Q: How much more will an investment of $10,000 be worth after 25 years if it earns 6% compounded…

A: To find- How much more will an investment of $10,000 be worth after 25 years if it earns 6%…

Q: To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

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Q: a wants to have $200,000 to buy a smaller retirement home in 20 years. If they can earn 4.5%…

A: To calculate the amount that Mika should deposit in his account now to have $200,000 in 20 years.…

Q: You have saved $7,000 towards the purchase of a car costing $9,000. How long will the $7,000 have to…

A: solution of the given problem is below ...

Q: How much money would be in an account after 5 years that pays 3% interest, compounded quarterly (4…

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Q: Matilda and Horace open a retirement account with $120,000. How many years will it take for the…

A: Find the time taken for the amount $120,000 to grow to $800,000 if it grows at a rate of 4.5%…

Q: An investment of $2000 earns interest at 6% p.a. Its compounded semiannually over 3 years. What is…

A:

Q: If Gabriel wants to accumulate $ 20,000 in 6 years to buy a car, how much would he need to invest…

A: The compound interest formula is A = P1 + rnnt In the formula, A = Accrued amount (principal +…

Q: To have $12 000 in 25 years, how much do you need to invest now at 6.5% compounded annually?

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Q: you would like to have $77,000 available in 15 years. There are two options. account a has a rate…

A: We are supposed to have $77,000 in 15 years. Account a has a rate of 9.5% compounded once a year.…

Q: Jake invests $4900 at an 8% interest rate compounded contínuously for 2 $5000 at a 7% interest rate…

A:

Q: How long, in years, will it take an investment of $1000 to triple to $3000 at annual simple interest…

A:

Q: Madison is going to invest in an account paying an interest rate of 5.1% compounded quarterly. How…

A: Let the amount invested in the account be P Final value of amount in the account(A) is $310 Number…

Q: You inherited $12,000 from your Great-Uncle Michael.  If you invest it and average an 8% annual rate…

A: Amount compounded annually