Fifty thousand pesos is deposited annually at an interest rate of 6% per annum compounded continuously. How many years will it accumulate to P 442,488?

Q: Abigail wants to save $15,000 to buy a car in 7 years. If she deposits $10,000 into an account that…

A: Topic- compund intrest

Q: How much money should be deposited today in an account that earns 5% compounded semiannually so that…

A: The formula to calculate amount to be deposited in the account is shown belowwhere A is the…

Q: An initial deposit of $10,000 earns 1.5% interest and is left in the account for 10 years. How much…

A: It is given that, an initial deposit of $10,000 earns 1.5% interest and is left in the account for…

Q: Lincoln invested $930 in an account paying an interest rate of 5.6% compounded daily. Assuming no…

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Q: Determine how much time is required for a $500 investment to double in value if interest is earned…

A: The amount after t years is given by the formula,

Q: How much money should be deposited today in an account that earns 3% compounded semiannually so that…

A: A=P1+rnntwhere   A = Final amount P= deposited amount r= interest rate n= no. of ompounding period

Q: Upon the birth of their first child, a couple deposited $5000 in an account that pays 8% interest…

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Q: How much must be deposited at the end of each year for 5 years to accumulate to $2919.00 at 4%…

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Q: Suppose $22,000 is invested in an account with an APR of 5.3%. a. If the interest is compounded…

A: Given: P=$22000 R=5.3% annually T= 6 years a) Compounded annually n=1 A=P1+R100nnT…

Q: Find the amount that results from the given investment. $700 invested at 4% compounded daily after a…

A: Compound interest:In compound interest, interest is added back to the principal sum so that interest…

Q: Mason invested $65,000 in an account paying an interest rate of 4.6% compounded annually. Assuming…

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Q: $25,000 is deposited into an account that pays 6.75% interest compounded continously. How long will…

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Q: Lily invested $90,000 in an account paying an interest rate of 4.6% compounded annually. Assuming no…

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Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

A: Given:Principal amount (P) = $20,000Final amount (A) = double the principal amountInterest rate (r)…

Q: In 19 years, Anthony Oaks is to receive $300,000 under the terms of a trust established by his…

A: It is given that, the time period is t=19 years,  Future Value (FV)=$300,000 rate of return…

Q: To have $4400 in 4 years, how much do you need to invest now at 7.4% compounded semi- annually?

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Q: Noah invested $8,600 in an account paying an interest rate of 2.4% compounded monthly. Assuming no…

A: Use the directly formula for compound interest.

Q: How long will it take P1000.00 to amount P1,346.00, if invested at 6% compounded quarterly.

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Q: How much money should be deposited today in an account that earns 6% compounded monthly so that it…

A: If an amount P is deposited today in an account that earns interest rate r per compounding period,…

Q: Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly. How much money…

A: Given problem:- Suppose that $3,400 is invested at 4.5% annual interest rate, compounded monthly.…

Q: How long was ₱30,000 invested at a bond growing at an average rate of 8.25% compounded monthly if…

A: Given, P= 30,000 A= 50,000 r=8.25%=0.0825 n=12(compounded monthly)

Q: What is the nominal rate of interest if 4,000 accumulates to 10,000 in 8 years with interest…

A:

Q: How much money should be deposited today in An account that earns 4.5% compounded monthly so that it…

A:

Q: If $1000 is invested in an account earing 4% compounded monthly, how long will it take for the…

A: The compound interest formula in exponential form is

Q: If Hannah places $ 4500 into an account earning 7.25% interest compounded continuously, how much…

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Q: What rate of interest compounded annually is needed to make an investment of $6,500 accumulate to an…

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Q: What interest will be earned if $6600 is invested for 2 years at 10% compounded monthly?

A: Given: The principal amount is $6600. The time duration is 2 years. The rate of interest is 10%…

Q: $20,000 is invested at 3.5% interest compounded monthly. How long will it take for the investment to…

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Q: Joseph invested $16,000 in an account paying an interest rate of 5.7% compounded continuously.…

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Q: A $5800 investment is made for a three-year period at an interest rate of 5.4% per year, compounded…

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Q: Chase invested $39,000 in an account paying an interest rate of 3.2% compounded daily. Assuming no…

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Q: Suppose that $7,100 is invested at 4.5% annual interest​ rate, compounded monthly. How much money…

A:

Q: What is the doubling time for: (a) $1500 invested into an account bearing 3% interest compounded…

A: To find the doubling time for  (a) $1500 invested into an account bearing  3% interest compounded…

Q: Claire invested $2,400 in an account paying an interest rate of 3.5% compounded monthly. Assuming no…

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Q: Suppose that $1,000 is deposited into an account that yields 0.85% interest, compounded annually.…

A: Given: P=$1000r=0.85%=0.0085n=1t=4 Use the formula: A=P1+rnnt

Q: How many years are required for P1,000.00 to increase to P2,000.00 if invested at 9% per year…

A: Solved below

Q: Suppose $50,000 is invested at l2% interest compounded monthly. In how many years will it be worth…

A: Given p=$50000 r=12%=12/100=0.12 compoundrd monthly n=12 A=$1, 000,000 t=?

Q: P30,000 is invested for a period of 3 years at a rate of 6%, compounded 2 times per year. What will…

A: Given query is to find the amount after 3 years.

Q: A $50,000 GIC will earn $70,000 of interest over its 10-year term. What is the monthly compounded…

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Q: How much money should be invested today to accumulate to $10,000 in 10 years at 4.5% compounded…

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Q: Suppose that $6000 is placed in a savings account at an annual rate of 4.2 %, compounded monthly.…

A:

Q: Nancy wants to invest $4000 in saving certificates that bear an interest rate of 9.75% per year,…

A: Given: Nancy wants to invest $4000 in saving certificates that bear an invest rateof 9.75% per year,…

Q: How much money should be deposited today in an account that earns 7% compounded semiannually so that…

A: Let $x should be deposited today that earns 7y.Compound semi annually. So that it will accumulate…

Q: How much money should  be invested in an account that earns 9% interest, compounded semiannually, in…

A:

Q: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

A: If $3,000 is invested at 6% compound monthly, what is the amount after 8 years?

Q: We invested $15000 in a project that returns 12% interest compounded annually (yearly). How much…

A: the formula used here, A=p(1+r100)t compund interest(CI)=A-p where, A=amount p=principal invested…

Q: How much money should be invested every quarter at 10% per year, compounded quarterly, to have $5000…

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Q: If $100 is invested at 8% compounded monthly what is the amount after 6 years? how much interest is…

A: amount = P (1+r/n)nt Interest = amount - Principal

Q: How much money should be deposited today in an account that earns 8% compounded semiannually so that…

A:

Q: Determine how much time is required for an investment to double in value if interest is earned at…

A: Given:Determine how much time is required for an investment to double in value if interest is earned…