if $2000 is deposited into an account earning 8% interest compounded continuously, what is the value...
Homework Answers
Future Value = Amount * e^(rate*time)
= $ 2000 *e^(0.08)*(5)
=$ 2,983.65
Hence the correct answer is $ 2,983.65
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$2000 is deposited into an account earning 8% interest compounded
continuously, what is the value...
Suppose you deposited $2000 in a saving account in which interest is compounded continuously. It takes...
Suppose you deposited $2000 in a saving account in which interest is compounded continuously. It takes 16 years to double your money in this account. Olo (1) What is the annual rate of interest? (Round your answer to one decimal place.) Submit Answer Tries 0/99 dollars (2) How much will you have in this account after 26 years? (Round your answer to two decimal places.) Submit Answer Tries 0/99
Part 1 - Average Value $100 is deposited in a bank at 5% interest compounded continuously....
Part 1 - Average Value $100 is deposited in a bank at 5% interest compounded continuously. What will the average value of the money in the account be during the next 20 years? Hint: For the f(x) function you will need to find an expression for the amount of money in the account after t years.
Compounded Continuously 1. How much money will be in the account after 5 years if $2030...
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
An initial deposit of $8,000 is made into an account earning 6.5% compounded continuously. Therea...
I need the solution process, thanks!
An initial deposit of $8,000 is made into an account earning 6.5% compounded continuously. Thereafter, money is deposited into the account at a constant rate of $2600 per year. Find the amount in this account at any time t. How much is in this account after 5 years? O A. A -52,000e 0.065t-44,000 $27,969.59 $26,433.47 A 44,000e 0065t-3 BA 48,000 065-40.000 $24,897.34 OD. A -60,000e 0.065t -52,000 $31,041.84
An initial deposit of $8,000 is...
$7,500.00 deposited in an account earning 9.35%, compounded monthly for 8 years. Calculate the FV interest...
$7,500.00 deposited in an account earning 9.35%, compounded monthly for 8 years. Calculate the FV interest factor a. 0.9870 b. 1.3507 c. 2.0509 d. 2.1067
You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have...
You deposit $2000 in an account earning 8% interest compounded monthly. How much will you have in the account in 5 years?
6. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the future value: 16,383.44 ...
6. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the future value: 16,383.44 16,625.25 16,935.25 17,028.60 7. $7,500.00 deposited in an account earning 10.26%, for 8 years. Calculate the interest factor: a. 2.4236 b. 2.1845 c. 2.0325 d. 1.9275 9. 7,500.00 deposited in an account earning 10.26% for 8 years, compounded weekly. Calculate the future value a. 16,383.44 b. 16,625.25 c. 16,935.25 d. 17,028.60
What would be the value of a savings account started with $825, earning 8 percent (compounded...
What would be the value of a savings account started with $825, earning 8 percent (compounded annually) after 13 years? Future value: Brenda Young desires to have $14,000 eight years from now for her daughter’s college fund. If she will earn 5 percent (compounded annually) on her money, what amount should she deposit now? Use the present value of a single amount calculation. Present value: What amount would you have if you deposited $2,900 a year for 25 years at...
Suppose $10,000 is deposited into a savings account earning 2% interest compounded quarterly. Find the balance...
Suppose $10,000 is deposited into a savings account earning 2% interest compounded quarterly. Find the balance in the account 5 years, rounded to the nearest cent. Use one of the formulas below to solve the problem. Future Value: Present Value: A = P (143) P = (1+ht $14,859.47 $51 097.53
You deposit $8000 in an account earning 5% interest compounded continuously. The amount of money in...
You deposit $8000 in an account earning 5% interest compounded continuously. The amount of money in the account after t years is given by A(t)- 8000e0.06. How much will you have in the account in 3 years? SL Round your answer to 2 decimal places. How long will it be until you have $13300 in the account? decimal places. years. Round your answer to 2 How long does it take for the money in the account to double? decimal places....
Suppose you deposited $2000 in a saving account in which interest is compounded continuously. It takes 16 years to double your money in this account. Olo (1) What is the annual rate of interest? (Round your answer to one decimal place.) Submit Answer Tries 0/99 dollars (2) How much will you have in this account after 26 years? (Round your answer to two decimal places.) Submit Answer Tries 0/99
Part 1 - Average Value $100 is deposited in a bank at 5% interest compounded continuously. What will the average value of the money in the account be during the next 20 years? Hint: For the f(x) function you will need to find an expression for the amount of money in the account after t years.
Compounded Continuously 1. How much money will be in the account after 5 years if $2030 is deposited at 4% compounded continuously? 2. Determine the amount of interest earned in 5 years if $2030 is deposited at 4% compounded continuously? 3. Inflation is running at 0.8% per month when you deposit $3000 in an account earning 6% compounded continuously. In constant dollars, how much will you have 2 years from now? 4. Find the present value of $12,075 if money...
I need the solution process, thanks!
An initial deposit of $8,000 is made into an account earning 6.5% compounded continuously. Thereafter, money is deposited into the account at a constant rate of $2600 per year. Find the amount in this account at any time t. How much is in this account after 5 years? O A. A -52,000e 0.065t-44,000 $27,969.59 $26,433.47 A 44,000e 0065t-3 BA 48,000 065-40.000 $24,897.34 OD. A -60,000e 0.065t -52,000 $31,041.84
An initial deposit of $8,000 is...
Suppose $10,000 is deposited into a savings account earning 2% interest compounded quarterly. Find the balance in the account 5 years, rounded to the nearest cent. Use one of the formulas below to solve the problem. Future Value: Present Value: A = P (143) P = (1+ht $14,859.47 $51 097.53
You deposit $8000 in an account earning 5% interest compounded continuously. The amount of money in the account after t years is given by A(t)- 8000e0.06. How much will you have in the account in 3 years? SL Round your answer to 2 decimal places. How long will it be until you have $13300 in the account? decimal places. years. Round your answer to 2 How long does it take for the money in the account to double? decimal places....
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