Best Answer

708.35 will yield 820.004 = 820.00

The annual growth rate is

eln(1.05) - 1

or

10log(1.05) - 1

Q: How much money invested at 5 percent compounded continuously for 3 years will yield 820?

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At 6% interest, the total amount of money increases by a factor of 1.06 (100% + 6%) every year, so to get the amount after 4 years, you calculate 900 x 1.064.

It will take 19 years.

The equation is P=C(1+r)^t; where C is the money invested, r is the rate(change from percent to decimal form), and t is the time. So plug in the numbers to get: P=800(1+.06)^10 The answer is 1432.678, I would round it to $1432.68

If a sum of money was invested 36 months ago at 8% annual compounded monthly,and it amounts to $2,000 today, thenP x ( 1 + [ 2/3% ] )36 = 2,000P = 2,000 / ( 1 + [ 2/3% ] )36 = 1,574.51

7% compound interest means that the amount of money increases, every year, by a factor of 1.07. After 4 years, you have 300 x 1.07^4.

Related questions

Type your answer here... $8,324.59

You would need 9687 dollars.

630/(1.1)3 = 630/1.331 = 473.33

y = ln(3)/ln(1.0575) = 19.65 years, approx.

4795.65 (approx).

479.26 needs to be invested to get to 2450 after 20 years at 8.5% compound interest.

At 6% interest, the total amount of money increases by a factor of 1.06 (100% + 6%) every year, so to get the amount after 4 years, you calculate 900 x 1.064.

I haven't gotten the answer to that test question either....the choices seem wrong

Five years

Matt will have $2,298.65.

11000*(1.045)^4=$13117.70stop cheating on your math homework

jenny has thrice as much money invested in 15% as she invested at 12%. if she gets 51,300.00 from both investment how much did she invest at each rate?