Question

Complete the table to determine the amount of money *P*
that should be invested at rate *r* to produce a final
balance of $100,000 in *t* years. (Round your answers to two
decimal places.)

*r* = 5%, compounded continuously

t |
P |

1 | $? |

10 | $ ? |

20 | $? |

30 | $ ? |

40 | $ ? |

50 | $? |

Answer #1

A) Complete the table to determine the amount of money P that
should be invested at rate r to produce a final balance of $160,000
in t years. (Round your answers to two decimal places.)
r = 8%, compounded daily
t P
1 $
10 $
20 $
30 $
40 $
50 $
B)
Trust Fund
A deposit of $25,000 is made in a trust fund that pays 8%
interest, compounded continuously. It is specified that the balance
will...

Complete the table by finding the balance A when
P dollars is invested at rate r for t
years and compounded n times per year. (Round your answers
to the nearest cent.)
P = $5000, r = 7%,
t = 20 years
Fill in the blanks,
n
A
1
$
2
$
4
$
12
$
365
$
Continuous
$

We know that when a particular amount of money P, called the
principal, is invested at the interest rate r and is compounded n
times a year, the amount of A of money accumulated after t years is
A(t)=P(1+r/n)^nt
Rounded to the nearest cent, find the amount of money
accumulated if $ 5 , 000 is invested for 2 years at 6 % interest
and is compounded.
Quarterly: $
Monthly: $
Daily(assuming 365 days in a year): $
Coutinuously: $

8.6343 Q13
Determine the amount of money that will be accumulated in an
account that pays compound interest, given the initial principal
of $28 comma 800 invested at 2.81% annual interest for 7 years
compounded
(a) daily (n=365); =
(b) continuously. =
(Round to the nearest cent as needed.)

Some amount of principal is invested at a 7.4% annual rate,
compounded monthly. The value of the investment after 7 years is
$2185.76. Find the amount originally invested.
Round to two decimal places
AND
Nathan invests $1000 into an account earning interest at an
annual rate of 4.7%, compounded annually. 4 years later, he finds a
better investment opportunity. At that time, he withdraws his money
and then deposits it into an account earning interest at an annual
rate of...

1). How much should be invested at 7% to have $1300 at the end
of 2.5 years? (Round your final answer to two decimal places.)
2).Find the annual nominal rate for the effective rate given
below.
Effective rate = 4.902%. Annual rate is compounded quarterly.
(Round your final answer to one decimal place.)
3). Consider the following.
$38,000 is invested at 5.5% compounded annually for 7 years.
(Round your final answers to two decimal places.)
a. Find the final amount...

Compound Interest In Exercises 15 and 16, determine the
principal that must be invested at rate compounded monthly, so that
$500,000 will be available for retirement in years.
15. r = 7 1/2%, t = 20
16. r = 12%, t=40

Leon Jackson invests $37,500 at 10% annual interest, leaving the
money invested without withdrawing any of the interest for 10
years. At the end of the 10 years, Leon withdraws the accumulated
amount of money.
Compute the amount Leon would withdraw assuming the investment
earns simple interest. (Round answers to 0 decimal
places, e.g. 458,581.)
Compute the amount Leon would withdraw assuming the investment
earns interest compounded annually. (Round factor
values to 5 decimal places, e.g. 1.25124 and final answer...

When interest is compounded continuously, the amount of money
increases at a rate proportional to the amount S present
at time t, that is,
dS/dt =
rS,
where r is the annual rate of interest.
(a)
Find the amount of money accrued at the end of 8 years when
$5000 is deposited in a savings account drawing 5
3
4
% annual interest compounded continuously. (Round your answer to
the nearest cent.)
$
(b)
In how many years will the...

When interest is compounded continuously, the amount of money
increases at a rate proportional to the amount S present
at time t, that is,
dS/dt =
rS,
where r is the annual rate of interest.
(a)
Find the amount of money accrued at the end of 8 years when
$5000 is deposited in a savings account drawing 5 3/4
% annual interest compounded continuously. (Round your answer to
the nearest cent.)
$
(b) this is the part I’m having the...

ADVERTISEMENT

Get Answers For Free

Most questions answered within 1 hours.

ADVERTISEMENT

asked 4 minutes ago

asked 4 minutes ago

asked 5 minutes ago

asked 5 minutes ago

asked 24 minutes ago

asked 25 minutes ago

asked 38 minutes ago

asked 38 minutes ago

asked 42 minutes ago

asked 44 minutes ago

asked 47 minutes ago

asked 47 minutes ago