Question: Please Help Me Solve This. Use the model A =Pe' or A_ P( 14 - , where A is the future value of I dollars

Please Help Me Solve This.

Use the model A =Pe"' or A_ P( 14 - , where A is the future value of I dollars invested at interest rate r compounded continuously or n times per year for t years. if $14,000 is Invested in an account earning 79% interest compounded continuously, determine how long it will take the money co triple. Round up to the nearest year. It will take approximately

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Mathematics Questions!

If the rate of inflation is 2.8% per year, the future price p (1) (in dollars) of a certain item can be modeled by the following exponential function, where ? is the number of years from today. ? p...

See page 129- 137 on attachment for more details there are five steps to the project. Step 1: Create the loan amortization schedule for the property. Step 2: Create the depreciation schedule. Step 3:...

number of years from today. If the rate of inflation is 2.8% per year, the future price p (1) (in dollars) of a certain item can be modeled by the following exponential function, where i is the ? p...

Solve the equation. Write the solution set with the exact values given in terms of common or natural logarithms. Also give approximate solutions to 4 decimal places. 113+4x _ 74x+3 O There is no...

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

DE *Collaborative Worksheet 3.pdf O X File | C:/Users/zhaoxiaozhu/Downloads/Collaborative%20Worksheet%203.pdf G ... 1 of 3 Q - + Page view | A Read aloud | T Add text Draw " Highlight ~ Erase G 8 9...

nt Use the model A = Pe"' or A = P( 1+- n , where A is the future value of P dollars invested at interest rate / compounded continuously or n times per year for t years. A $9000 investment grows to...

Need help filling out the finance workheets attached. Adapted by Robert Timmons, D.B.A. 2010 - 2015 Managerial Finance BUS 8003 Chapter 4 Selected Problems 2-26 Printer Friendly NOTE: The problem...

JUST ANSWER THE FIRST PAGE: ALL INFO ARE ALREADY GIVEN PRESENT VALUE OF SIMPLE ANNUITY DUE EXAMPLE: Hope borrows money for the renovation of her house and repays by making yearly payments of P50,...

TO BE ANSWERED: All of theinfos are already given below just answer the first photo PRESENT VALUE OF SIMPLE ANNUITY DUE EXAMPLE: Hope borrows money for the renovation of her house and repays by...

Explain Type Casting.

The production manager of a large casting firm is studying different methods to increase productivity in the workforce of the company. The process engineer and personnel in the human resources...

How much do you think a person's financial situation guides their decisions in the stock market? Please explain why.

D Question 1 Avocada ir kassas of 51.500.000, cost of good sold of $825,000, other operating experies of 5570.000 Avocado ahora invested asets of 5250.000 and a hude rate of 10 Avocado Return on...