QUESTION 8 If $2,000 is invested at 6% compounded continuously, how long (to the nearest year) will it take for the investment to grow to $3,644? 6 10 3 none of these

Q: What present value amounts to $16,162.26 if it is invested for 5 years at 6% compounded quarterly?…

A:

Q: Lori gets an offer from another bank that is also paying 6% on CD’s, but is compounding interest…

A: Lori gets an offer from another bank that is also paying 6% on CD’s, but is compounding interest…

Q: Q-3: Determine how much money you will have if $2000 is invested for 3 years, at 6% per year,…

A: You have invested $2000 for 3 years at 6% per year, compounded semi-annually. We have to find the…

Q: 10. Oscar invests $46,200 in an account that earns 3.675% interest, compounded continuously. How…

A: Given , Oscar invested amount 46,200 dollars .             Interest is 3.675% it is compound…

Q: 5. How long does it take for a $10,000 to double when it is invested at 8.85% yearly compounded…

A: Given that: Principal amount, P = $10000                   Rate of interest, r=8.85 % compounded…

Q: Suppose your great-great grandmother invested $500 earning 5.6% interest compounded continuously 90…

A: We have to find the amount

Q: QUESTION 4. A rich guy puts $1,000,000 into a bank account that pays 7.3% annual interest,…

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Q: 12. If you deposit $500 in a savings account that earns 4% interest, how much will you have after 10…

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Q: In how many months will mony become three times itself at 9% compounded semi-annually.

A: In how many months will mony become three times itself at 9% compounded semi-annually.

Q: What present value P amounts to $280,000 if it is invested at 5%, compounded semiannually, for 19…

A: We have to find the present value (P).

Q: How long would it take to save at least $14,500 by making deposits of $450.00 at the end of every 6…

A: We can use the future value (FV) formula to determine the number of periods required to reach the…

Q: How long will it take for $3000 to grow to $7000 if the investment earns. an interst rate of 4% per…

A: The compound interest formulaA=P(1+rn)nt WhereA is the future value of the investment.P is the…

Q: How long would it take for your money to double if it is invested at 4% compounded continously?…

A: To calculate the time it takes for your money to double when invested at 4% compounded continuously,…

Q: 2. How long will it take$5000 to grow to $20,000 if the investment earns interest at the rate of 6%…

A: Given data,  Initial amount (P) = $5000 Final amount (A) = $20000 Interest rate (r) = 6% = 0.06…

Q: How much money should you deposit into a certificate of deposit that pays 6% a year compounded…

A: r=6%=0.06 ,  A=$80,000  &  t=18

Q: How much will P54,200 be in 24 months at 4% compounded monthly?

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Q: 64. $5000 grows to $5438.10 in 2 yr under continuous compounding. Find the interest rate. Round to…

A: Since you have posted multiple question in this question so I have solved first question as per our…