We put $500 in an account earning interest compounded continously. What interest rate do we need if we want $600 in 3 years?

Q: James and Susan wish to have $10,000 available for their wedding in 4 years.How much money should…

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Q: Suppose you want to have $400,000 for retirement in 25 years. Your account earns 9% interest. How…

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Q: How long will take for a deposit of $1400 to earn total interest of $300 if the bank is offering an…

A: Simple Interest Formula : I = PTR where I = simple interest earned P = initial investment T = time…

Q: 5000

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Q: If you start working with a savings account with a $.25 in it and your boss double it each day for 3…

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Q: An investment pays simple interest, and triples in 17 years. What is the interest rate

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Q: Suppose you want to have $500,000 for retirement in 30 years. Your account earns 6% interest. How…

A: Suppose you want to have $500,000 for retirement in 30 years.  Future ValueFV= $500000Time t=30…

Q: If $1000 is deposited in an account that pays interest quarterly, and if the money grows to $1150…

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