The value A of P dollars after t years when invested at an annual rate of r × 100 %, compounded continuously is A = Pert. If it is desired that an investment at 6% per year compounded continuously should have a value of $5000 after 8 years, how much should be invested now? Round your answer to the nearest cent. The investment should be $ i

Q: Suppose two dice are rolled. Use the Monte Carlo method with at least 50 repetitions to approximate…

A: a) P(the sum is 9 or more) A = (3,6), 4,5 4,6, 5,4, 5,5, 5,6, 6,3, 6,4, 6,5, 6,6 n(A) = 10 P(the sum…

Q: At a 8% interest compounded monthly, how long will it take to turn a hundred dollars into a million…

A: Initial amount= P= 100  Final amount = A= 1000000  Interest rate= r= 8%=0.08  Time=t=? Number of…

Q: Find the accumulated amount A if the principal Pis invested at the interest rate of r/year for t…

A:

Q: How much would $20,000 amount to a 8% compounded continuously for 10 years? Round to the nearest…

A: Compound interest