A philanthropist deposits $125,000 into a trust fund that pays 4% interest, compounded continuously. The balance...

Question

Question

math Advanced-Math

Answer 1

Answer #1

Page No. Date Ami IF P =$125,000 t= 4_04 25 yr. 8= á 0-04 100 thy, we know foor copounded last we هويه have, = pert 0.04 x 25

Answer 2

Similar Homework Help Questions

Question 1 (5 points) A philanthropist deposits $125,000 into a trust fund that pays 4% interest,...

Question 1 (5 points) A philanthropist deposits $125,000 into a trust fund that pays 4% interest, compounded continuously. The balance will be given to the college from which the philanthropist graduated after the money has earned interest for 25 years. How much will the college receive? O A) $333,229.54 B) $339,766.61 C) $339,785.23 D) $336,448.50 E) $250,000.00 F) $339,220.64 G) $338,101.73
Complete the table to determine the amount of money P that should be invested at rater...

Complete the table to determine the amount of money P that should be invested at rater to produce a final balance of $140,000 int years. (Round your answers to two decimal places.) r = 8%, compounded daily Trust Fund A deposit of $20,000 is made in a trust fund that pays 7% Interest, compounded continuously. It is specified that the balance will be given to the college from which the donor graduated after the money has earned interest for 50...
4. Juan deposits of $1,000 in a savings account that pays 8% compounded annually. Exactly 2...

4. Juan deposits of $1,000 in a savings account that pays 8% compounded annually. Exactly 2 years later he deposits $3,000; 2 years later he deposits $4,000; and 4 years later he withdraws all of the interest earned to date and transfers it to a fund that pays 10%compounded annually. How much money will be in each fund 4 years after the transfer?

Sunshine Bank & Trust is offering a CD that pays 7.5% compounded continuously. How much interest...

Sunshine Bank & Trust is offering a CD that pays 7.5% compounded continuously. How much interest would a $3,000 deposit earn over 5 years? (Round your answer to the nearest dollar.) Selct one: a. $4,365 b. $1,365 c. $4,125 d. $1,125
3. Linda invests $3000 in a bond trust that pays 8% interest compounded monthly. Her friend...

3. Linda invests $3000 in a bond trust that pays 8% interest compounded monthly. Her friend Lyla invests $3000 in a certificate of deposit that pays 7.75% compounded continuously. For Linda: a. State which formula should be used to solve this problem. b. Write the resulting function for Linda. c. Determine how much Linda would have in her account after 20 years. For Lyla: a. State which formula should be used to solve this problem. b. Write the resulting function...
3.26 Georgi Rostov deposits $4,000 in a savings account that pays 8% interest com- pounded monthly....

3.26 Georgi Rostov deposits $4,000 in a savings account that pays 8% interest com- pounded monthly. Three years later, he deposits $5,000. Two years after the $5,000 deposit, he makes another deposit in the amount of $7000. Four years after the $7,000 deposit, half of the accumulated money is transferred to a fund that pays 9% interest compounded quarterly. How much money will be in each account six years after the transfer?

Mary has created a college trust fund for her son when he turned 8 by making...

Mary has created a college trust fund for her son when he turned 8 by making equal deposits every 6 months for 10 years and leaving money in the account afterwards. At age 21, her son started receiving $4000 at the beginning of every quarter for 4 years, leaving 0 balance in the account after the last payment. a. find the amount of semi annual deposits of money earning 6.5% interest compounded monthly b. what was the total interest accumulated...
An investment pays 5% interest compounded continuously. If money is invested steadily at the rate of...

An investment pays 5% interest compounded continuously. If money is invested steadily at the rate of $14,000, how much time is required until the value of the investment reaches $140,000? The amount of time required is approximately years. (Type an integer or decimal rounded to the nearest hundredth as needed.)
Raj deposits 50 into a fund at the end of each month for 5 years. The fund pays interest at an an...

Raj deposits 50 into a fund at the end of each month for 5 years. The fund pays interest at an annual effective rate of i. The total amount of interest earned during the last month of year 5 is 13. Calculate the accumulated amount in Raj's account at the end of year 5 A) 3325 B) 3350 C) 3375 D) 3400 E) 3425

8. Juan deposits $4,300 into a savings account that pays 6.9% per year, continuously compounded. What...

8. Juan deposits $4,300 into a savings account that pays 6.9% per year, continuously compounded. What is the effective annual interest rate? Determine the value of his account at the end of four years. The effective annual interest rate is %. (Round to two decimal places.) The value of this account at the end of four years is $ (Round to the nearest dollar.)