SOLVE EXPONENTIAL DECAY FORMULAS 4 Cassandra bought an antique dresser for $500. If the value of her dresser increases 6% annually, what will be the value of Cassandra's dresser at the end of 3 years to the nearest dollar?

Q: 5. An electric car is listed at $60,000 and depreciates by 47% per year. (a) Find its value after 4…

A: Given: An electric car is listed at $60000 and depreciates by 47% per year.

Q: $600 is deposited in an account that pays 7% annual interest compounded continuously what is the…

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Q: You have decided to set aside a fixed amount every quarter in order to have $28,000 available for a…

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Q: what number represents an amount being compounded annually?

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Q: A worker has $194 deducted from their paycheck each month for 6 years.  The money is deposited into…

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Q: Money is invested in a saving account earning 5% interest compounded semiannually. How many years…

A: Sol: Let the principal amount, A = x Since they have not mentioned in the question whether interest…

Q: You would like to put some money into an account so that you will have $6000 in the account 8 years…

A: Consider the formula to find the present value : PV=FV1+rknk where FV is the future value, r is the…

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

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Q: If Hannah places $ 4500 into an account earning 7.25% interest compounded continuously, how much…

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Q: You start to save for retirement. At the end of every year, you invest $3000 into an account that…

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Q: You deposit $2000 in an account earning 7% interest compounded continuously. How much will you have…

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Q: At age 20, Mike inherited $100,000 from his grand parents.  Then he invested the money in a bank…

A: We will find the account balance

Q: Mary invests $3500 at 2.75% compounded continuously. How much money will be in the account after 6…

A: Given Principal amount p = $3500 Interest rate r = 2.75% = 0.0275 Time t = 6 years

Q: Charlie invests $11000 into a savings account that grows at an interest rate of 4.5% per year.How…

A: Rate of interest for 1 week = (4.5%)/(Number of weeks) = (4.5%)/52

Q: Find the periodic rate of interest if $5000 grows into $6580 in 6 years when interest is compounded…

A: We are given: Initial amount (P) = $5000 Accumulated amount (A) = $6580 Time (t) = 6 years. Number…