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Partial Question 6 3/4 pts Compound interest. Suppose that Po is invested in the Mandelbrot Bond Fund for which interest is compounded continuously at 5.9%
Partial Question 6 3/4 pts Compound interest. Suppose that Po is invested in the Mandelbrot Bond Fund for which interest is compounded continuously at 5.9% per year. That is, the balance P grows at the rate given by d.P F = 0.059P ") Find the function that satisfies this equation. Write it in terms of Pa and 0.059. 0.059 bj Suppose that $1000 is invested. What is the balance after 1 yr? After 2 yr7 1 Year . $ 1061 (Round to the next whole number) 2 Your = $ 1125 (Round to the next whole number) c) When will an investment of $1090 double itself? To 11.7 yr (Round to 1 Decimal) Answer 1: 0.059 Answer 2: 1061 Answer 3: 1125 Answer 4: 11.7Partial Question 7 3/ 4 pts Compound Interest. Suppose that Po Is Invested Into an account for which Interest is compounded continuously at 4.3% per year. That is, the balance P grows at the rate given by 0.043P a) Find the function that satisfies this equation. Write it in terms of P. and 0.043. 0.0-43 bj Suppose that $20,090 is invested. What is the balance after 1 yr? After 2 yr7 1 Year = $ 20879 (Round to the next whole number) 2 Year = $ 21706 (Round to the next whole number) c) When will an investment of $20,000 double itself? To 16.1 yr (Round to 1 Decimal) Answer 1: 0.043 Answer 2: 20879 Answer 3: 21796 Answer 4: 16.1Partial Question 13 718 pts Interest compounded continuously. Complete the following: Initial Investment Interest Doubling Amoun Time, T at t=0. Po Rate, k (In years) after 5 1 $75,000 6.2% 112 102256.88 7.1 $5,000 $7.130.4 7500 8.4% $11.414. 5.3 11 $17.539. 14/14 12800 % Note: When calculating the interest rate, round your decimal to 3 decimals then convert your result into a percent Note: When calculating your time T, round to 1 decimal. Note: When calculating your dollar amount, round to 2 decimals. Answer 1: 11.2 Answer 2: 102256.88 Answer 3: 7.1 Answer 4: 9.8 Answer 5: 7500 Answer 6: 8.3 Answer 7: 12800 Answer B: 6.3
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