Question

Six years ago you invested certain amount of money at 10 percent interest, compounded

continuously. Six years later value of your investment was $18,221. How much did you invest?

a. $10,000 b. $11,500 c. $10,800

d. $11,200 e. none of the above

Answer #1

Ten
years ago, Hailey invested $1,500 and locked in an annual interest
rate of 9 percent for 30 years (ending 20 years from now). Aidan
can make a 20 year investment today and lock in an interest rate of
10 percent. How much money should he invest now in order to have
the same amount of money in 20 years as Hailey

You have $10,000 to invest for two years. Your bank offers 5%
interest, compounded continuously for funds in a money market
account. Assuming no additional deposits or withdrawals, how much
money will be in that account at the end of two years?

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...

1a) Lucy invested $950 five years ago. Her investment paid 7.2%
interest compounded monthly. Lucy's twin sister Laurie invested
$900 at the same time. But Laurie's investment earned 8% interest
compounded quarterly. How much is each investment worth today?
1b) Carl is considering the purchase of an investment that will
pay him $12,500 in 12 years. If Carl wants to earn a return equal
to 7% per year (annual compounding), what is the minimum amount he
should be willing to...

Fifteen years ago, you deposited $12,500 into an investment
fund. Five years ago, you added an additional $20,000 to that
account. You earned 8%, compounded semi-annually, for the first ten
years, and 6.5%, compounded annually, for the last five years.
Required:
a) What is the effective annual interest rate (EAR) you would
get for your investment in the first 10 years?
b) How much money do you have in your account today?
c) If you wish to have $85,000 now,...

Hao made a single investment which, after 6 years invested at
10% compounded semiannually, has accumulated to $232,900. How much
did Hao invest initially?
A. $232,893
B. $172,583
C. $230,252
D. $129, 679
E. $14,070

1. Suppose that P200,000.00 is invested at a certain rate of
interest compounded annually for two years. If the accumulated
interest at the end of 2 years is P42,000.00, find the rate of
interest.
2. A loan for P170,000 is to be paid in three years
at the amount of P185,000 compounded annually. What is the
effective rate of money?
3. If P3000 accumulates to P4500 when invested at a simple
interest for ten years, what is the rate of interest?

Fifteen years ago, you deposited $12,500 into an investment
fund. Five years ago, you added an additional $20,000 to that
account. You earned 8%, compounded semi-annually, for the first ten
years, and 6.5%, compounded annually, for the last five years.
Required: 1. a) What is the effective annual interest rate (EAR)
you would get for your investment in the first 10 years?
2. b) How much money do you have in your account today?
3. c) If you wish to...

What is the future value of $100 invested at 10% compounded
annually for 3 years?
What is the future value of $100 invested at 10% compounded
annually for 10 years?
What is the present value of an investment that will give you
$100 after 10 years with a rate of 10% compounded annually?
You end up with $20,000 after investing for 20 years at 8%
annually. What was the PV?
Maverick Jane places $800 in a savings account paying 6%...

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