Homework Help: compound interest

Posted by anonymous on Tuesday, December 11, 2007 at 9:25pm.

How do I solve these problems?

Complete the table for a savings account in which interest is compounded continuously.

1. Initial Investment: $1000
Annual % Rate: 3.5%
Time to Double: ?
Amount After 10 Years: ?

2. Initial Investment: $750
Annual % Rate: ?
Time to Double: 7 3/4 yr
Amount After 10 Years?

3. Initial Investment: $500
Annual % Rate: ?
Time to Double: ?
Amount After 10 Years: $1505.00

4. Initial Investment: ?
Annual % Rate: 4.5%
Time to Double: ?
Amount After 10 Years: $10,000.00

compound interest - Ms. Sue, Tuesday, December 11, 2007 at 9:44pm
This site may help you.

http://www.moneychimp.com/calculator/compound_interest_calculator.htm

Answer this Question

Related Questions

math - Complete the table for a savings account in which interest is compounded ...
math - Suppose that you have $12,500 to invest over a 4 year period. There are ...
differential equation - If P(t) is the amount of dollars in a savings bank ...
Math - Determine how much money will be in a savings account if the initial ...
Calculus - Money is deposited in an account for which the interest is compounded...
Algebra II - I'm pretty confused about these problems. We're learning ...
Compound math - (Future Value) Suppose you invest $8000 into an account that ...
math - An initial investment of $1240 is appreciated for 17 years in an account ...
algebra- Help fast - use the compound interest formula A=P(1+r/n)^nt and A=Pe^rt...
math - how much money would have to be invested in an account at 3.98% annual ...

For Further Reading

First Name:
School Subject:
Answer: