Wednesday
April 1, 2015

Homework Help: Calc

Posted by Rita on Sunday, July 15, 2012 at 11:20pm.

How much money will we have in 6 months if we invest $1000 into an account earning 8% compounded continuously?

How long will it take the $1000 to double?

What is the effective rate for 8% compounded continuously that would produce the same accumulated amount after 1 year as 8% compounded continuously you need to set up and solve an equation? (can't use effective rate formula)

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Math - Determine how much money will be in a savings account if the initial ...
math - you have deposited 1000 dollars in your savings account with n annual ...
Calc - A person deposits money into a retirement account, which pays 7% interest...
differential equation - If P(t) is the amount of dollars in a savings bank ...
math - find the effectivee rate correspoding to 3% compounded quarterly The ...
maths - You deposit $1000 each year into an account earning 8% compounded ...
math - You have deposited 1000$ in your saving account with an anual interst ...
algebra - You deposit $3000 in an account earning 7% interest compounded ...
math - How long it will take for an investment of 1000 dollars to double in ...
math - a bank account earns 7% annual interest compounded continuously. you ...

Members