Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1.- A certain amount of money is deposited in an account, in which the interest is applied continuously. If the principal doubles after 6 years,

1.- A certain amount of money is deposited in an account, in which the interest is applied continuously. If the principal doubles after 6 years, what is the interest rate?
2 .. How much money should be invested today at an annual interest rate of 7% continually capitalized, so that within 15 years it is 90% of $ 30,000?
3. - If $ 8,500 are invested at an annual 6% compounded with semiannual capitalization, the amount at 4 years is:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Financial Management

Authors: Jeff Madura

2nd Edition

0314430296, 978-0314430298

More Books

Students also viewed these Finance questions

Question

CL I P COL Astro- L(1-cas0) Lsing *A=2 L sin(0/2)

Answered: 1 week ago