The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%. Given : Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t = 5 .

Question

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Answer 1

Question

Chapter 8.6, Problem 15PE

(a)

To determine

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t=5 .

(b)

To determine

The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=5 .

(c)

To determine

The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=15 .

(d)

To determine

The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=20 .

(e)

To determine

The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=30 .

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Answer 2

Question

Chapter 8.6, Problem 15PE

(a)

To determine

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t=5 .

(b)

To determine

The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=5 .

(c)

To determine

The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=15 .

(d)

To determine

The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=20 .

(e)

To determine

The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=30 .

Expert Solution & Answer

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See solution

Answer 3

Question

Chapter 8.6, Problem 15PE

(a)

To determine

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t=5 .

(b)

To determine

The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=5 .

(c)

To determine

The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=15 .

(d)

To determine

The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=20 .

(e)

To determine

The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=30 .

Expert Solution & Answer

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See solution

Answer 4

Question

Chapter 8.6, Problem 15PE

(a)

To determine

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t=5 .

(b)

To determine

The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=5 .

(c)

To determine

The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=15 .

(d)

To determine

The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=20 .

(e)

To determine

The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=30 .

Expert Solution & Answer

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See solution

Answer 5

Chapter 8.6, Problem 15PE

(a)

To determine

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t=5 .

(b)

To determine

The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=5 .

(c)

To determine

The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=15 .

(d)

To determine

The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=20 .

(e)

To determine

The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=30 .

Answer 6

Chapter 8.6, Problem 15PE

(a)

To determine

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t=5 .

Answer 7

Chapter 8.6, Problem 15PE

(a)

To determine

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t=5 .

Answer 8

(b)

To determine

The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=5 .

Answer 9

(b)

To determine

The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=5 .

Answer 10

(c)

To determine

The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=15 .

Answer 11

(c)

To determine

The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=15 .

Answer 12

(d)

To determine

The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=20 .

Answer 13

(d)

To determine

The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=20 .

Answer 14

(e)

To determine

The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=30 .

Answer 15

(e)

To determine

The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=30 .

Answer 16

Expert Solution & Answer

Answer 17

Expert Solution & Answer

Answer 18

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Answer 19

Ch. 8.1 - a. Given the functions f and g, the function...Ch. 8.1 - Given fx=x2 and gx=2x3, find a. f2 b. g2 c. f+g2 Ch. 8.1 - Prob. 3PE Ch. 8.1 - For Exercise 3-14, refer to the function defined...Ch. 8.1 - For Exercise 3-14, refer to the function defined...Ch. 8.1 - Prob. 6PE Ch. 8.1 - Prob. 7PE Ch. 8.1 - Prob. 8PE Ch. 8.1 - For Exercise 3-14, refer to the function defined...Ch. 8.1 - Prob. 10PE

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%. Given : Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t = 5 .

Concept explainers

Videos

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t=5 .

The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=5 .

The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=15 .

The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=20 .

The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=30 .

Want to see the full answer?

Chapter 8 Solutions

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%. Given : Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t = 5 .

Concept explainers

Videos

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%. Given: Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t=5 .

The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%. Given: Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=5 .

The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%. Given: Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=15 .

The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%. Given: Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=20 .

The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%. Given: Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=30 .

Want to see the full answer?

Chapter 8 Solutions

The last amount after 5 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. and interest is compounded continuously and time t=5 .

The last amount after 10 years of an initial amount of $5000, if interest is compounded continuouslyand rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=5 .

The last amount after15 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=15 .

The last amount after 20 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=20 .

The last amount after 30 years of an initial amount of $5000, if interest is compounded continuously and rate is given as 6.5%.

Given:
Principal amount P as $5000, rate of interest r as 6.5% or 0.065. And interest is compounded continuously. And time t=30 .