Question

If $

60,000

is invested in an account paying 3.5% interest, how much will be in
the account in 5 years if interest is compounded yearly?

If $

60,000

is invested in an account paying 3.5% interest, how much will be in
the account in 5 years if interest is compounded quarterly?

If $

60,000

is invested in an account paying 3.5% interest, how much will be in
the account in 5 years if interest is compounded monthly?

If $

60,000

is invested in an account paying 3.5% interest, how much will be in
the account in 5 years if interest is compounded daily?

If $

60,000

is invested in an account paying 3.5% interest, how much will be in
the account in 5 years if interest is compounded continuously

Answer #1

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1. How much more interest will be earned if $7000 is invested
for 6 years at 7% compounded continuously, instead of at 7%
compounded quarterly.
2. How long does it take for an account containing $6000 to be
worth $15,000 if the money is invested at 8.4% compounded
monthly?

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?

At the end of each month, for 24 months, $200 is put into an
account paying 7% annual interest compounded continuously. Find the
future value of this account. Round your answer to the nearest
cent.
How much money must be invested now at 10% interest compounded
continuously so that $120,000 will be available in 5 years? Round
to the nearest cent.
Find the amount of money that accumulates when $470,000 is
placed annually into a non-interest-earning account for 3
years.

How much will $100 grow to if invested at a continuously
compounded interest rate of 7.5% for 7 years? (Do not round
intermediate calculations. Round your answer to 2 decimal
places.)
How much will $100 grow to if invested at a continuously
compounded interest rate of 7% for 7.5 years? (Do
not round intermediate calculation

How much will $8000 invested at 3 percent interest be worth in
three years if it is compounded annually? Quarterly? How much if
the interest rate is 5 percent?

3. Matt invested $5,500 into an account earning 2.5% APR
compounded continuously. What will his balance be after seven
years?
4. How much money should be deposited in an account today that
earns 3.5% compounded monthly so that it will accumulate to $10,000
in 8 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...

If you put $100,000 in to a bank account earning 3% interest,
how much will you have in 5 years if the 3% is an annually
compounded APR? What if it is a semiannually compounded APR? What
if it is a monthly compounded APR? What if it is a continuously
compounded APR?

Joe invested $25,000 in an account that will draw 6.9% interest
compounded quarterly for the next 10 years while Susan invests
$25,000 in an account that will draw 6.8% interest compounded
continuously over the next 10 years. Who will have the most money
at the end of the 10 years?

How much will $100 grow to if invested at a continuously
compounded interest rate of 8.5% for 9 years? (Do not round
intermediate calculations. Round your answer to 2 decimal
places.)
How much will $100 grow to if invested at a continuously
compounded interest rate of 9% for 8.5 years? (Do not round
intermediate calculations. Round your answer to 2 decimal
places.)

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