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1. [-/1 Points] DETAILS TANAPCALC10 5.3.002. MY NOTES PRACTICE ANOTHER Find the accumulated amount A, if the principal P is invested at an interest rate
1. [-/1 Points] DETAILS TANAPCALC10 5.3.002. MY NOTES PRACTICE ANOTHER Find the accumulated amount A, if the principal P is invested at an interest rate of r per year for t years. (Round your answer to the nearest cent.) P = $14,000, r = 4%, t = 10, compounded quarterly IA=$ Need Help? 2. [-/1 Points] DETAILS TANAPCALC10 5.3.009. MY NOTES PRACTICE ANOTHER ' Find the accumulated amount after 3 years if $6000 is invested at 4%/year compounded continuously. (Round your answer to the nearest cent.) s Need Help? 3. [/1 Points] DETAILS TANAPCALC10 5.3.014. MY NOTES PRACTICE ANOTHER Present Value of an Investment Diego deposited a certain sum of money in a bank 2 years ago. If the bank had been paying interest at the rate of 8% compounded continuously and he has . $13,000 on deposit today, what was his initial deposit? (Round your answer to the nearest cent.) 35 Need Help? 4. [I1 Points] DETAILS TANAPCALC10 5.3.017. MY NOTES PRACTICE ANOTHER Flnd the interest rate needed for an investment of $7000 to grow to an amount of $9500 in 2 years if interest is compounded monthly. (Round your answer to the nearest hundredth of a percentage point.) % Need Help? 5. [-/1 Points] DETAILS TANAPCALC10 5.3.021. MY NOTES PRACTICE ANOTHER Find the interest rate needed for an investment of $10,000 to double in 7 years if interest is compounded daily. (Round your answer to the nearest hundredth of a percentage point.) % Need Help? 6. [-/1 Points] DETAILS TANAPCALC10 5.3.025. MY NOTES PRACTICE ANOTHER How long will it take for an investment of $3,000 to triple if the investment earns interest at the rate of 3%/year compounded daily? (Round your answer to one decimal place.) YI" Need Help? E
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