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Matt places 1200 in an investment account earning an annual rate of 6.5 percent compounded continuously Determine the amount of money that Matt will have in account after 10 years?
Wiki User
∙ 8y ago
Matt will have $2,298.65.
Wiki User
∙ 8y ago
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Suppose you invest 1600 at an annual interest rate of 5.5 percent compounded continuously How much will you have in the account after 25 years?
balls
How long does it take 1125 to triple if it is invested at 7 percent interest compounded quarterly?
(1 + .07/4)4x = 3 4x log(1+.07/4) = log(3) x = 0.25 log(3)/log(1.0175) = 15.83 The amount of the original investment doesn't matter. At 7% compounded quarterly, the value passes triple the original amount with the interest payment at the end of the 16th year.
A student wants to save 8000 for college in five years How much should be put into an account that earns 5.2 percent annual interest compounded continuously?
6,209 compounded at 5.2% for 5 years yields 8,000
If 20000 is invested in a savings account offering 3.5 per year compounded continuously how fast is the balance growing after 7 years (Round your answer to the nearest cent.)?
With compound interest - the balance after 7 years would be 26336.18
You start a account with $2500 and a interest rate of 6.5 compounded yearly. How much is in the account after 7 years?
It is 3884.97 dollars.
How long will it take for money to double in a savings account that is compounded continuously?
Five years
Decreasing the number of times an investment is compounded in a year does not affect the dollar amount in the account?
False
Increasing the number of times an investment is compounded in a year does not affect the dollar amount in the account?
False
Suppose you invest 1600 at an annual interest rate of 5.5 percent compounded continuously How much will you have in the account after 25 years?
balls
How long does it take 1125 to triple if it is invested at 7 percent interest compounded quarterly?
(1 + .07/4)4x = 3 4x log(1+.07/4) = log(3) x = 0.25 log(3)/log(1.0175) = 15.83 The amount of the original investment doesn't matter. At 7% compounded quarterly, the value passes triple the original amount with the interest payment at the end of the 16th year.
A student wants to save 8000 for college in five years How much should be put into an account that earns 5.2 percent annual interest compounded continuously?
6,209 compounded at 5.2% for 5 years yields 8,000
Increasing the number of times an investment is compounded in a year affects the dollar amount in the account?
Yes, among other things, like the exchange rate.
How much money will there be in an account at the end of 4 years if 11000 is deposited at a 4.5 percent annual rate that is compounded continuously?
11000*(1.045)^4=$13117.70stop cheating on your math homework
What is the savings account offering which of these APRs and compounding periods offers the best ARY?
4.0730% compounded daily3.1172% compounded monthly2.0365% compounded daily
If 20000 is invested in a savings account offering 3.5 per year compounded continuously how fast is the balance growing after 7 years (Round your answer to the nearest cent.)?
With compound interest - the balance after 7 years would be 26336.18
Is investment ac is nominal account?
Investment A/C is personal account
Is Investment Account a Real Account?
it is a personal account
