Question: i need help with these 5. If your rate is set at 5.75% and you know you have 40 years, how much money will you

i need help with these

5. If your rate is set at 5.75% and you know you have 40 years, how much money will you have to invest now to have $100,000 in your account after those 40 years are over, assuming that the interest is compounded monthly? 6. If your rate is set at 5.75% and you have $5,000 to invest now, how much time would it take for your account balance to be $100,000. assuming that your interest is compounded monthly? Account #3 - Continuously Compounded Interest 4 = pert Your third option is an account that offers continuously compounded interest. Use the proper formula to answer the following questions about this account. (3 points each) 7. If you invest $1,d00 now and hope to have $100,000 in 40 years, what interest rate will you have to get from your bank? y= 100000 = 1000. (40) P = 1060 1000 e = 109100 = 109 p (40) 100 100 = 140 . 10ge loge 10 ge 4.605 = 140- 40 40 1=0.11 8. If your rate is set at 5.75% and you know you have 40 years, how much money will you have to invest now to have $100,000 in your account after those 40 years are over? 9. If your rate is set at 5.75% and you have $5,000 to invest now, how much time would it take for your account balance to be $100,000

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