aggressive investment increases by 26% per year, compounded weekly (there are 52 weeks in a year).  You invest $100,000 to start.  How long until you have $250,000?  Please round your answer to the nearest thousandths place (3 places after the decimal point).

Q: Adam puts $800.00 into an account to use for school expenses. The account earns 15% interest ,…

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Q: For 8 years, $33 is deposited each week into an account that earns 2.1% interest, compounded weekly…

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Q: You deposit $4000 in an account earning 2% interest compounded continuously. How much will you have…

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Q: You have $7000 to invest for seven years. Which investment will provide the greater return:  5%…

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Q: An investment of $75,000 increases at a rate of 12.5% per year. Find e value of the investment after…

A: An investment of 75,000 increases at a rate 12.5% per year. Find the value of the investment after…

Q: You deposit $500 in an account earning 4% interest compounded annually. How much will you have in…

A: The continuous compounding formula is, Pt=P0ert In the formula, P0 is original principle sum, r be…

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: Donald owes the bank $9450. To repay his debt, he paid a fixed amount back to the bank each month.…

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Q: You invest $5400 in an account earning 3.5% interest compound monthly. How much money will be in the…

A: Solution: Given information: P= $5400 Principal amount.  i= 0.035  Rate of interest  n= 6  years.…

Q: if I invest 1000 at 2% interest how long will it take to double my money

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Q: When Grayson was 20 years old, he opened an individual retirement account by investing $2,000 at 11%…

A: To find out the amount when the person becomes 65 years old.

Q: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

A: Matthew deposits $818 in the bank. He is told that his account will earn 4% interest compounded…

Q: $5000 is invested at 4% interest compounded monthly. Find the account balance after 5 years, to the…

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Q: Bill saved 42,000 in an account with an annual interest of 5%.  The amount of money in the account…

A: Given Principle is 42000 Interest pa 5% Compondes quarterly. Final amount is 62000

Q: A man wants to buy a $33,000 car. He will put 20 % down and finance the rest over 4 years. How much…

A: Cost of car = 33,000 Down payment = 6,600 Loan amount = 26,400 Here P (principal amount)=26,400 R=…