your account has $26,511.67 in it on the day you withdraw your money. You know that the account earned 6.5% interest compounded continuously for the last 15 years. How much money did you initially deposit into the account?

Q: You deposit $1000, and it grows to $1,500 in 5 years.  What is your annual return?

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Q: Suppose you deposit $2000 at 9% interest compounded continously. Find the average value of your…

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Q: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to make…

A: Given: Megan has $50,000 in her college fund that earns 6.4% compounded quarterly. She would like to…

Q: You know you will have $25,000,000 in your account when you retire. You want to be able to take…

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Q: in months in dollars 0 450 1 4

A: Here, in the question given an investment in dollars increases at a constant rate. The interest rate…

Q: After retiring, Delaney wants to be able to withdraw $4,000.00 every month from her account for 25…

A: We will find out the required value .

Q: $5000 is invested in a stock that returns getting 8% compounded monthly. how much interest will be…

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Q: You open a brand-new savings account January 1, 2021. every paycheck you earn you deposit $25 into a…

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Q: Steven put money into an account six years ago that earns an annual interest rate of 8% compounded…

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Q: You deposit 1000 each year into an account earning 6% interest compounded annually. How much will…

A: This is the problem related to financial mathematics and we are advanced math expert and have option…

Q: You saved $1,240 and your sister agrees to put it in a savings account at her credit union so you…

A: P=1240,  r=8%=0.08,  t=2  &  n=4.

Q: . Nadia received $200 for her 10th birthday. If she saves it in a bank account with 7.5% interest…

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Q: Patrick deposited $8,000 into a CD paying 2.8% compounded continuously. How much will his account be…

A: Continuous Compounding Formula : A = P·er·t where P = initial investment r = rate of interest (in…

Q: An investor has accumulated $360000 in her retirement account that pays a 3.87% interest rate…

A: P0=d1-1+rk-NkrkWhere,P0= Balance accumulatedd=Regular withdrawalr=annual interest ratek=number of…

Q: Your grandma invested some money 64 years ago into an account earning 2.91% per year, compounded…

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Q: Every 6 months you put $1200 into a bank account that has an APR of 8% that gets compounded monthly.…

A: The objective of this question is to calculate the total amount in the bank account after 8 years,…