Question Fred invested $25,328 in a stock account with continuous compounding. If the annual interest rate is 8.1%, how long will it take for the account to have $46,134? (Round your answer to the nearest tenth of a year.) Provide your answer below: years

Q: You deposit $4000 each year into an account earning 3% interest compounded annually. How much will…

A:

Q: How much would you need to deposit in an account now in order to have $3000 in the account in 5…

A: From the provided information is  Present value=Amount*(1+rate)-period  PV=3000*(1+(0.066))-6*5…

Q: How much would you need to deposit in an account each month in order to have $10,000 in the account…

A:

Q: you deposit $5,000 in a fund that pays 6% interest, compounded monthly. In how many years, the…

A: Given that initial amount = P=5000 Final amount= A= 15000 Interest rate = r = 6%=0.06 Time=t=?…

Q: How much would you need to deposit in an account now in order to have $5000 in the account in 5…

A: P=Principle=?t=time=5 yearsr=interest rate=6%=0.06A=final amount=$5000n=number of times compounded…

Q: Dylan takes out a bank loan of $11,500 at 3.8% interest compounded annually. How much interest, in…

A: Given data is : Loan P=$11500 Interest rate r=3.8%, compounded annually. Time t=3 years To find the…

Q: Melanie places $5,000 into an account that earns 6% interest compounded daily. Approximately six…

A:

Q: You deposit $2000 in an account earning 2% interest compounded monthly. How much will you have in…

A: given, principal (P)=$2000           interest  rate (R)=2%= 2/100 =0.02     (for compounded monthly…

Q: You deposit $5000 each year into an account earning 7% interest compounded annually. How much will…

A:

Q: You put $8,000 into an account that earns 4% interest compounded annually. How much money will be in…

A: We have to apply the compound interest formula for the given problem.

Q: Cameron starts an IRA (Individual Retirement Account) at the age of 36 to save for retirement. She…

A: The objective of this question is to calculate the total amount of money Cameron will have in her…

Q: Cameron starts an IRA (Individual Retirement Account) at the age of 32 to save for retirement. She…

A: The objective of this question is to calculate the total amount of money Cameron will have in her…

Q: You deposit 1000 each year into an account earning 6% interest compounded annually. How much will…

A: This is the problem related to financial mathematics and we are advanced math expert and have option…

Q: Suppose you have $2700 in your savings account at the end of a certain period of time. You invested…

A: Given: Principal amount P= $2000 Future value A= $2700  Rate r= 7.47 % annually To find time t (…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 15…

A: P=Principle=?t=time=15 yearsr=interest rate=8%=0.08A=final amount=$2000n=number of times compounded…

Q: How much would you need to deposit in an account now in order to have $2000 in the account in 5…

A: Let A(t)= amount in t years.P= Prinicipal(Original investment)r=Annual interest rate(in decimal…

Q: You put $500 in an interest bearing account with an annual interest rate of 8% compounded quarterly.…

A: