Q1

An initial investment amount P, an annual interest rate r, and a time t are given. Find the future value of the investment when interest is compounded (a) annually, (b) monthly, (c) daily, and (d) continuously. Then find (e) the doubling time T for the given interest rate. P = $7500, r=3.75%, t= 5 yr a) The future value of the investment when interest is compounded annually is $. (Type an integer or a decimal. Round to the nearest cent as needed.) b) The future value of the investment when interest is compounded monthly is $. (Type an integer or a decimal. Round to the nearest cent as needed.) c) The future value of the investment when interest is compounded daily is $. (Type an integer or a decimal. Round to the nearest cent as needed.) d) The future value of the investment when interest is compounded continuously is $. (Type an integer or a decimal. Round to the nearest cent as needed.) e) Find the doubling time for the given interest rate. T = yr (Type an integer or decimal rounded to two decimal places as needed.)An initial investment amount P, an annual interest rate r, and a time t are given. Find the future value of the investment when interest is compounded (a) annually, (b) monthly, (c) daily, and (d) continuously. Then find (e) the doubling time T for the given interest rate. P = $55,000, r= 4.4%, t= 3 yr a) The future value of the investment when interest is compounded annually is $. (Type an integer or a decimal. Round to the nearest cent as needed.) b) The future value of the investment when interest is compounded monthly is $. (Type an integer or a decimal. Round to the nearest cent as needed.) c) The future value of the investment when interest is compounded daily is $ (Type an integer or a decimal. Round to the nearest cent as needed.) d) The future value of the investment when interest is compounded continuously is $. (Type an integer or a decimal. Round to the nearest cent as needed.) e) Find the doubling time for the given interest rate. T = yr (Type an integer or decimal rounded to two decimal places as needed.) An initial investment amount P. an annual interest rate r. and a time I are given. Find the future value of the investment when interest is compounded (a) annually (h) monthlyI (a) daily and (d) continuously: Then nd (e) the doubling time T for the given interest rate. P = 515,000, r= 3.1%, t= 33 months a) The future value of the investment when interest is compounded annually is $ (Type an integer or a decimal. Round to the nearest cent as needed.) b] The future value ofthe investment when interest is compounded monthly is $ (Type an integer or a decimal. Round to the nearest cent as needed.) a) The future value of the investment when interest is compounded daily is 5 (Type an integer or a decimal. Round to the nearest cent as needed.) d) The future value ofthe investment when interest is compounded continuously is 5 (Type an integer or a decimal. Round to the nearest cent as needed.) e) Find the doubling time for the given interest rate. T= yr (Type an integer or decimal rounded to two decimal places as needed.) An initial investment amount P, an annual interest rate r, and a time t are given. Find the future value of the investment when interest is compounded (a) annually, (b) monthly, (c) daily, and (d) continuously. Then find (e) the doubling time T for the given interest rate. P = $450, r = 2.97%, t= 12 yr a) The future value of the investment when interest is compounded annually is $. (Type an integer or a decimal. Round to the nearest cent as needed.) b) The future value of the investment when interest is compounded monthly is $]. (Type an integer or a decimal. Round to the nearest cent as needed.) c) The future value of the investment when interest is compounded daily is $. (Type an integer or a decimal. Round to the nearest cent as needed.) d) The future value of the investment when interest is compounded continuously is $. (Type an integer or a decimal. Round to the nearest cent as needed.) e) Find the doubling time for the given interest rate. T = yr (Type an integer or decimal rounded to two decimal places as needed.)