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)

No one has answered this question yet.

Answer this Question

Related Questions

maths - You deposit $1000 each year into an account earning 8% compounded ...
maths - How much money will I need to have at retirement so I can withdraw $60,...
math - Jim wants to deposit money in an account to save for a new stereo system ...
Calc - A person deposits money into a retirement account, which pays 7% interest...
algebra 2 - Jennifer invested $2,500 in an account earning 3.5% interest ...
algebra - Jennifer invested $2,500 in an account earning 3.5% interest ...
math - Jennifer invested $2,500 in an account earning 3.5% interest compounded ...
Math - The winner of a popular lottery is offered one of two options: i) a lump ...
math - Jim wants to deposit money in an account to save for a new stereo system ...
math - You start an investment account with $3000 and save $100 each month. ...

For Further Reading

First Name:
School Subject:
Answer: