r some of money to double in 5 years, what must be the rate of interest converted bi-monthly?

Q: 8.) Jess wants to have one million dollars when she retires in 35 years. How much should she invest…

A: We can directly calculate the principal amount using the continious interest formula.

Q: my bank pays 4% interest and inflation is 3 % what is my real interest.

A: given that:  Nominated interest rate = 4%  Inflation = 3% We use here the formula of real interest…

Q: lan's new BMW cost him $75,000. From the moment he drives it off the lot, it will depreciate by 15%…

A: Write a function that models the car depreciation use x for 6 years and Y for value of a car In…

Q: A sum of $25,000 is deposited into an account paying 5.4% interest per year, compound daily. What…

A:

Q: Ananta deposited Rp10,000,000.00 with compound interest at x% per 6 months. Meanwhile, Asnawi…

A:

Q: Zach invested $200 per month in a mutual fund that averaged 9% net growth per year with interest…

A:

Q: 20 years as two decades.  Explain why the inflation rate from 1990 to 2010 is not just the sum of…

A: Inflation Rate: The inflation rate is the rate at which the value of the currency falls and the…

Q: Joann invested $28,800 at 13% to be compounded daily. What will be the value of Joann’s investment…

A: invested $28,800 at 13% to be compounded daily

Q: A family has 100,000 in the bank. They want to withdraw 8,000 every year for as long as necessary.…

A: the family  can made 12 regular withdrawals of 8000 every year.

Q: represent

A: We will find the equation for compounding.

Q: Josh has 1200 dollars which he invests at 4% interest compounded daily. Represent how much he has…

A: Compound interest