Use the continuous compound interest formula to find the indicated value.

a= 6100, r= 8.48% t= 8 years p=___

round to two decimal places

Use the continuous compound interest formula to find the indicated value.

a= 15506, p= 12000 t= 48 months r=____

round to 3 decimal places

Given the annual interest rate and the compounding period, find i, the interest rate per compounding period.

9.8% compounded quarterly

i=____

(Type an integer or decimal rounded to the nearest thousandth as needed.)

Given the rate per compounding period, find r, the annual rate.

3.225% per quarter

r=

(Round to three decimal places as needed.)

If $250 is invested at 12% compounded

(A) annually, (B) quarterly, (C) monthly,

what is the amount after 7 years? How much interest is earned?

(A) If it is compounded annually, what is the amount?

$_____ (Round to the nearest cent.)

If $8000 is invested at 6% compounded continuously, what is the amount after 4 years?

The amount after 4 years will be

$ ______

(Round to the nearest cent.)

An investment company pays 3% compounded semiannually. You want to have $19,000 in the future.

(A)How much should you deposit now to have that amount 5 years from now?

$_____round to nearest cent

What is the APY for money invested at each rate?

(A) 7% compounded monthly

(B) 9% compounded continuously

(A) APY=

(Round to three decimal places as needed)

How many years will it take for an initial investment of $20,000 to grow to $50,000?  

Assume a rate of interest of 10% compounded continuously.

It will take about _____years for the investment to grow to $50,000.

(Round to two decimal places as needed.)

How long will it take money to double if it is invested at

(A) 2% compounded continuously?

(B) 4% compounded continuously?

(A) At 2% compounded continuously, the investment doubles in ____ years.

(Round to one decimal place as needed.)

A promissory note will pay $51,000 at maturity 11 years from now. If you pay $29,000 for the note now, what rate compounded continuously would you earn?

The investment would earn about _____ compounded continuously.

(Round to three decimal places as needed.)

An Individual Retirement Account (IRA) has $23,000 in it, and the owner decides not to add any more money to the account other than interest earned at 4% compounded daily.

How much will be in the account 38 years from now when the owner reaches retirement age?

There will be ____ in the account.

(Round to the nearest cent. Use a 365-day year.)