Question: please show all work! (6 points) Find the time required for an initial investment of $2000 to reach $3500 if the interest is compounded continuously

please show all work!

(6 points) Find the time required for an initial investment of $2000 to reach $3500 if the interest is compounded continuously at a 4.5% annual interest rate. Use the appropriate formula from the following list to solve y = Ca A = P(1 +r)' A = P(1 +[) m A =Pe" Equation: Please show your work: olutions

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!

I need help with this 26. Find the time required for an initial investment of $2000 to reach $3500 if the interest is compounded continuously at a 4.5% annual interest rate. Use the appropriate...

Firefox aboutzblank 24. A reworks shell is launched into the air. The shell's height (in feet) after t seconds is modeled by the function h(t) = 16t2 + 80t. a. How long will it take the shell to hit...

Hi can I have some help with number 7 on this past-practice exam so i can study it incase theres a similar one on this years final? MGF 301 Fall 2013 1. On its deposits, your bank is paying 2% annual...

Please show all work (8 points) Louis is evaluating an investment. They will pay X right now and 1.3X in one year. In exchange, they will receive $22,000, $20,000, and $28,000 at the ends of years 3,...

Please show all work. Thank You! (a) Find the time required for an investment to quadruple in value if it earns 7% annual interest, compounded continuously. NOTE: Give your answer accurate to three...

PLEASE SHOW ALL WORK 1. (calculating the future value of an annuity) If you invest $100 a year for 20 years at 6% annual interest, how much will you have at the end of the 20th year? 2. (calculating...

What is the effective interest rate for the rst year for a loan of $20,000 for three years if the interest is compounded quarterly at a rate of 12%? Instructions: Week 5 Individual Assignment Total...

tax Consider the market for apple juice. In this market, the supply curve is given by QS = 10PJ 5PA and the demand curve is given by QD = 100 15PJ + 10PT , where J denotes apple juice, A denotes...

(Questions from Lecture and Article) - Discussion Board Activity I need to read the following Lecture Note and the ?Wall Street Journal? articles that I uploaded, and writeanswers for theDiscussion...

Please answer all questions. Thank you. Find the accumulated amount A if the principal P is invested at the interest rate of r/ year for t years. (Use a 365 -day year. Round your answer to the...

An oil drop of 12 excess electrons is held stationary under a constant electric field of 2.55 104 N C in Millikan's oil drop experiment. The density of the 1.60 x -3 oil is 1.26 g cm . Estimate the...

Design a finite state machine with one input I, and two outputs Z and E. The machine should produce a Z output whenever it has seen a 110 pattern on the input stream, except that if it ever sees a...

Question Content Area An employer must pay the quarterly FUTA tax liability if the liability is more than: a . $ 3 , 0 0 0 . b . $ 1 . c . $ 5 0 0 . d . $ 1 , 0 0 0 . e . $ 1 0 0 .

What makes service quality different from product or manufacturing quality? Select one: Services requires a higher degree of customization O All of the choices O Large amounts of transactions are...

What factor(s) in this ethics dilemma might influence a person to make a less than ethical decision?

What is meant by the statement With team design, there are no narrow jobs?

Why is competency modeling an important practice? Define each of the following: a. job design b. job enrichment c. job enlargement d. job rotation e. reengineering