If interest is compounded continuously with an interest rate i, a bank account will double in t

Question:

If interest is compounded continuously with an interest rate i, a bank account will double in t years according to i = (ln 2)/t. Find i if the account is to double in 25 years.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Basic Technical Mathematics

ISBN: 9780137529896

12th Edition

Authors: Allyn J. Washington, Richard Evans

See More Books

Question Posted: Apr 08, 2023 02:40 AM

KYC's stock price can go up by 15 percent every year, or down by 10 percent. Both outcomes are equally likely. The risk free rate is 5 percent, and the current stock price of KYC is 100. (a) Price a...
A sum of $16,000 per year will be received uniformly over a five-year period beginning two years from today. What is the present value of this deferred-funds flow if interest is compounded...
Find the present value of $40,000 due in 4 years at the given rate of interest 8%/year compounded monthly. A. The present value is $28,948.67. B. The present value is $29,433.94. C. The present value...
Earnhart Corporation has outstanding 3,000,000 shares of common stock with a par value of $10 each. The balance in its Retained Earnings account at January 1, 2020, was $24,000,000, and it then had...
Why is it important for corporate managers to understand how bonds and stocks are priced?
When a note receivable is dishonored. Accounts Receivable is debited for what amount? A. The face value of the note B. The maturity value of the note C. The maturity value of the note less accrued in...
1 how did company culture and national culture interact?
Now that you have read the chapter on financial planning, what do you recommend to Austin for his talk with Rachel on the subject of financial planning regarding? 1. Setting financial goals? 2....
Discuss the reverse annuity mortgage system in the US. (Max 400 words)
Display the graphs of the given functions on a calculator. y = 1 e |x|
Use a calculator to find the point of intersection of the curves of 3x + 5y = 6 and y = 1.5 ln(x + 3).
The cases of Rongping and Luliang are far from isolated incidents. You may remember the case of Pacific Gas & Electric (PG&E), which dumped chromium-6 into the water supply in Hinckley, California,...
Research a company that declared a 100% stock dividend or a two-for-one split Contrast the differences between a stock dividend and a stock split. Imagine that you are a stockholder in a company....
What are your ideas for Implementation and Assessing the Solution? How did you implement and assess the success? What should the time frame look like? What resources will be needed? What criteria...
What is an aesthetic question a viewer might ask about a work of art? 1 . What principles of design were used to make this work? 2 . What qualifies a functional object like this as a work of art? 3 ....
2. A phase diagram is shown below for an allotropic metal. Sketch and label possible Gibbs free energy curves for the 3 phases, as a function of temperature for the pressure indicated. Does the a or...
Recommend at least one (1) way a business with which you are familiar could use social media / buzz marketing to increase sales and awareness (e.g., social media awareness) of your...
Describe the differences in how traditional television and YouTube provide online content to audiences.
Convert the numeral to a HinduArabic numeral. A94 12
Graph the solution set of the inequality, where x is a real number, on the number line. x < 4
Evaluate the expression for the given value(s) of the variable(s). x 2 , x = 8
Graph the solution set of the inequality, where x is a real number, on the number line. x + 9 4
A project will generate annual cash flows of $237,600 for each of the next three years, and a cash flow of $274,800 during the fourth year. The initial cost of the project is $749,600. What is the...
You want to invest annual amounts over the next 15 years. If your goal is to have $15,000 at the end of that time and if you can earn 8 percent on your invested funds, how much do you need to invest...
please explain thoroughly how to do in excel 1. Find the number of units to ship from each factory to each customer that minimizes total cost

If interest is compounded continuously with an interest rate i, a bank account will double in t

Question:

Step by Step Answer:

We are given that the interest rate i for continuous compounding is given by i ln 2t where ...View the full answer

Basic Technical Mathematics

Students also viewed these Mathematics questions