If 4000 dollars is invested in a bank account at an interest rate of 5 per cent per year, compounded continuously. How many years will it take for your balance to reach 50000 dollars? | NOTE: Give your answer to the nearest tenth of a year. Suppose that a savings account pays an effective rate of interest of 8.2 percent. What is the equivalent annual compound interest rate if interest is compounded semi-annually? Answer = percent. If $31400 is invested at an interest rate of 5 percent per year, find the value of the investment at the end of 5 years for the following compounding methods. Round answers to the nearest cent. Compounded (a) annually: $ (b) semiannually: $ (c) monthly: s (d) daily: s (e) continuously: $ Complete the table below giving the amount P that must be invested at interest rate 10 % compounded quarterly to obtain a balance of A = $180000 in 15 years