Find the compound amounts for the following deposits if interest is compounded continuously. How long will it
Question:
Find the compound amounts for the following deposits if interest is compounded continuously.
How long will it take for $1000 deposited at 6% compounded semiannually to double? To triple?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 20% (5 reviews)
1000 deposited ...View the full answer
Answered By
Prajoy Kumar Mitra
Well being honest I want to say that Chemistry is my first priority. I can help you in every possible way in the field of Chemistry. I believe knowledge needs to be shared. And regarding experience I would like to say that, recently I have completed my Masters in Chemistry & also Qualified the GATE exam. Though I don't have the teaching experience but I do have good teaching skills along with sufficient knowledge. And I'm confident enough to give you a better concept in Chemistry along with certain entrance preparations.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Mathematics questions
-
Find the compound amounts for the following deposits if interest is compounded continuously. How long will it take for $2100 deposited at 4% compounded quarterly to double? To triple?
-
Find the compound amounts for the following deposits if interest is compounded continuously. $12,000 at 5% for 8 years
-
Find the compound amounts for the following deposits if interest is compounded continuously. $1500 at 6% for 9 years
-
In Section 36.6 we saw that muons can reach the ground because of time dilation. But how do things appear in the muons reference frame, where the muons half-life is only 1.5 s? How can a muon travel...
-
A test was conducted to determine whether a wedge on the end of a plug fitting designed to hold a seal onto the plug was doing its job. The data taken were in the form of measurements of the force...
-
A drug manufacturer has developed a time-release capsule with the number of milligrams of the drug in the bloodstream given by S=30x18/7 - 240x11/ 7+480x4/7 Where x is in hours and 0 x 4. Find the...
-
5. Question: Mark Milbank built custom furniture in Port Chester, New York. His business was unsuccessful, and he repeatedly borrowed money from his wife and her father. He promised that the loans...
-
In recent years, Walz Company has purchased three machines. Because of frequent employee turnover in the accounting department, a different accountant was in charge of selecting the depreciation...
-
Please help! I'm completely lost on how to solve this. June 1 15 1? 20 24 26 28 30 Mcls. Pay. + Common Stock + $ Sales revenue Cost of goods sold Sales revenue Cost of goods sold Sales revenue Cost...
-
A thermostat will call for heat 0, 1, or 2 times a night. Construct a tree diagram to show that there are 10 different ways that it can turn on the furnace for a total of 6 times over 4 nights.
-
Find the effective rate to the nearest hundredth for each nominal interest rate. 7% compounded quarterly
-
Find the compound amount if $12,104 is invested at 6.2% compounded continuously for each period. 4 years
-
Suppose you have just poured a cup of freshly brewed coffee with temperature 95oC in a room where the temperature is 20oC. (a) When do you think the coffee cools most quickly? What happens to the...
-
Lavinia, is planning Edward and Bella's wedding. She ordered roses to be delivered to three locations shown in the network below. The Cullen's house (node 2) needs 1000 roses, Charlie's house (node...
-
Why aren't companies doing more to prevent fraud? How can any good employee, and especially the auditors, not notice when fraud is occurring, and costing companies billions of dollars?What more needs...
-
What are three to five words or phrases you chose from "23 Leadership Characteristics to Be a Good Leader" and why did you choose them? Who are one or two individuals (other than yourself) you have...
-
First, view the following virtual courthouse tour: Ramsey County Historical Society. https://my.matterport.com/show/?m=y3pfCMHDeK2&brand=0 Explore the links within the tour to become familiar with...
-
Mochi Co wishes to hedge interest rate movements on a borrowing it intends to make three months from now for a further period of six months. Which technique Mochi Co can use to hedge its interest...
-
Use the Pratt Computer Sales data in SE12-9 to compute the following; enter all amounts in thousands. Sales data from SE12-9 a. Collections from customers b. Payments for inventory A1 Pratt Computer...
-
Provide a few individual examples who revealed what aspects of emotional intelligence?
-
Graph each rational function. 6 f(x) 4
-
Find two numbers whose sum is 32 and whose product is the maximum possible value.
-
Find a polynomial function f of least degree having the graph shown. (0, 9) -5
-
Please show your solution tysm! . Presented below is information related to Poulsen Industries for the month of January 3 l, 2020. Ending inventory per perpetual records 'E 2 I .600 Ending...
-
tk ices Direct labor-hours required to support estimatedproduction Machine-hours required to support estimated productionFixed manufacturing overhead cost osting system. At the beginningof the year...
-
. Attempted E Test: Exam 2 < Question 30 of 36 This test: 100 point(s) possible This question: 4 point(s) possible Submit test Pandom, Inc., produces chemicals for large biotech companies. It has...
Study smarter with the SolutionInn App