Question: Please help with questions 34-44 Transcribed image text Solve the following word problems. 34) How long would it take money to triple in an account

Transcribed image text
Solve the following word problems. 34) How long would it take money to triple in an account with a one-time deposit earning 9% interest compounded two times per year? A) 12.7 years B) 6.4 years C) 3 years D) 12.5 years 3S) What is the account balance of an investment of $7,500 after 25 years in an account earning 8% interest compounded continuously? A) $187,500 B) $55,417.92 C) $51,363.56 D) $43,863.56 36) How long would it take an account with an average interest rate of 6% continuously compounded, to reach $100,000 given the initial investment Of $12,000? A) 8.3 years B) 10 years C) 35.3 years D) 36.4 years 37) What is the interest rate on an account valued at that compounds continuously and had an initial investment Of $16" for 35 years? Hint: Change decimal to percent then round to the nearest tenth. A) 11.0% B) 12.0% C) 10.5% D) 11.8%
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