Question

An initial deposit is made of $12,000 in an account paying 4% interest compounded continuously. a. How much will the account be worth in 6 years? b. How long will it take the account to double?

Answer #1

1. If you deposit $6,500 into an account paying 8% annual
interest compounded monthly, how much money will be in the account
after 7 years?
2. If you deposit $5,000 into an account paying 6% annual
interest compounded monthly, how long until there is $8,000 in the
account?
3. At 3% annual interest compounded monthly, how long will it
take to double your money?

An initial deposit of $24,000 is made into and account that
earns5% compounded continuously. Money is then withdrawn at a
constant rate of $4000 a year until the amount in the account is 0.
Find the equation for the amount in the account at any time t. What
is the amount 0?

If you deposit $12,000 in an interest-bearing account earning
3%, compounded daily, how much will you have at the end of 6
years?

Suppose $12,500 is invested in an account which offers 3.25%
interest compounded quarterly (4 times a year).
(a) Express the amount A in the account as a function of the
term of the investment t in years.
(b) How much would be in the account in 7 years (assuming non
deposits or withdrawals are made)?
(c) How long will it take for the initial investment to double
(round the nearest tenth of a year)?

Adam deposited $1500 in an account in which interest is
compounded continuously. The annual rate of interest is 2.5 %. How
long does it take for his money to double?

Suppose $5,400 is invested in an account at an annual interest
rate of 3.9% compounded continuously. How long (to the nearest
tenth of a year) will it take the investment to double in size?
Answer:

Question No : 3
If you deposit 10 $ in an account, that pays 5% interest,
compounded annually, how much you will have at the end of 10 years?
50 years and 100 years
How much will be in account at the end of 5 years the amount
deposited today is 10,000 and interest is 8% per year, compounded
semiannually?
How much would I have to deposit in an account today that pays
12% interest, compounded quarterly, so that I...

1. If you deposit $1600 into an account paying 8% compounded
monthly, how much will you have in 4 years?
2. if you deposit $1600 in an account paying 8% today and
deposit $1600 every year into the account, how much will you have
in 4 years?
3. The average price for a new car today is $29000. If the rate
of inflation is expected to be 3.5% annually, what will a new car
cost in 7 years?
4. You...

Suppose you deposit $7000 at 7% interest compounded
continuously. Find the average value of your account during the
first 4 years.

8) If you invest $5,650 in an account paying 8.65% compounded
continuously,
how much money will be in the account at the end of 10 years?
9)You have agreed to pay off an $8,000 loan in 30 monthly
payments of
$298.79 per month. The annual interest rate is 9% on the unpaid
balance.
a) How much of the rst month's payment will apply towards reducing
the principal
of $8,000?
b)What is the unpaid balance (on the principal) after 12 monthly...

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