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

Q: How much simple interest would an investment of $2500 earn at the end of 10 years if the interest…

A: Given p=2500, rate =10% per year, time = 10 year

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

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Q: A company will need $25,000 in 8 years for a new addition. To meet this goal, the company deposits…

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Q: How much money will i have if I am going to deposit 1000$ every month starting now for 5 years if…

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Q: Suppose $100 is withdrawn at the EOY 2026, emptying an account that earns 7% interest, compound…

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Q: Can you give me the formula 4 interest on an investment

A: To find a formula which gives relation between investment and interest.

Q: How much money would be in an account if $ 700 $ 700 is deposited at 2.5 % 2.5 % interest compounded…

A: Given that, the deposited amount is P=$700, the rate is r=0.025, the interest is compounded weekly…

Q: You deposit $5000 in an account earning 3% interest compounded continuously. How much will you have…

A: See the attachment

Q: If you deposit 4000$ into an account paying 6% annual compound interest monthly, how much will be in…

A: NOTE: Refresh your page if you can't see any equations. . P=4000 r=6%=0.06 n=12 for monthly compound…

Q: Suppose you want to have $500,000 for retirement in 20 years. Your account earns 4% interest. How…

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Q: If you invest $600 into an account that compounds monthly and after 8 years the account has $900.…

A: From the given information, it is observed that P = $600, A = $900, t = 8. Note that, the formula to…

Q: Suppose that a sum of money is invested at an annual interest rate of 4%. Determine the time, in…

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