1. How long does it take for an investment earning interest at a rate of 17% compounded continuously to quadruple in value? Exact length of time (without using a calculator), t = ? years Length of time, rounded to 2 decimal places = ? years

2. You have $15,000 in the bank comfortably earning 8% interest compounded semiannually. Your cousin needs $15,000 to buy a new car. In order to get the same total return, what interest rate rshould you request from him if the money you lend him is to be compounded continuously? Exact interest rate (without using a calculator), r = ?

Interest rate, as a percent, rounded to 2 decimal places = ? %

3. Find the effective interest rate corresponding to a nominal interest rate of 8% compounded semiannually. Effective interest rate (without using a calculator), r_eff = ?

Effective interest rate, as a percent, rounded to 2 decimal places = ? %

4. Suppose $8,000is invested at9% compounded continuously. What will the accumulated amount be after5years?

Exact accumulated amount (without using a calculator) = ? dollars

Accumulated amount, rounded to 2 decimal places = ? dollars

How much interest accrued during the5years? Interest, rounded to 2 decimal places = ?