subject
Mathematics, 30.08.2019 21:30 DASASDAEDWEDA

You make a one-off initial investment of $7,000 in a bank account that pays 3% interest per year, with interest compounded 4 times per year.
what is the value of the investment after 2 years= $ to the nearest cent?
value after 2 years = $ (to the nearest cent).
how long will it take for the value of the investment to double (in years)?
duration for value of investment to double = (in years, to 2 decimal places).
now assume that it is possible for the interest to compound continuously. what would the value of the investment be after 2 years under the assumption of continuous compounding (to the nearest cent)?
value after 2 years, assuming continuous compounding = $ (to the nearest cent).
how long will it take for the value of the investment to double, assuming continuous compounding of interest?
duration for value of investment to double under continuous compounding = (in years, to 2 decimal places).

ansver
Answers: 3

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 13:00, clipsyden
Solve the problem by making up an equation. a child is 12 years old, and his father is 32 years older. in how many years will the age of the father be 3 times the age of the child?
Answers: 1
image
Mathematics, 21.06.2019 16:00, ebell1703
Use set builder notation to represent the following set: { -3, -2, -1, 0}
Answers: 1
image
Mathematics, 21.06.2019 22:00, erikacastro5404
The point of intersection of the diagonals of a rectangle is 4 cm further away from the smaller side then from the larger side of the rectangle. the perimeter of the rectangle is equal to 56 cm. find the lengths of the sides of the rectangle. 16 points answer quick
Answers: 1
image
Mathematics, 22.06.2019 00:30, steelersfan4343
Which of these side lengths could form a triangle a) 2 cm , 2 cm , 4 cm b) 3 cm , 5 cm , 10 cm c) 3 cm , 4 cm , 5 cm d) 4 cm , 8 cm , 15 cm
Answers: 3
You know the right answer?
You make a one-off initial investment of $7,000 in a bank account that pays 3% interest per year, wi...

Questions in other subjects:

Konu
Mathematics, 09.09.2021 21:30
Konu
History, 09.09.2021 21:30
Konu
Mathematics, 09.09.2021 21:30