precalcus

What initial investment at 7.5% compounded continuously for 9 years will accumulate to $60,000?

  1. 👍 0
  2. 👎 0
  3. 👁 92
asked by DK
  1. P e^(.075*9) = 60000

    1. 👍 0
    2. 👎 0
    posted by Steve
  2. $30,549.39

    1. 👍 0
    2. 👎 0
    posted by george

Respond to this Question

First Name

Your Response

Similar Questions

  1. Pre Calculus

    Exponential and log functions What initial investment at 8.5% compounded continuously for 7 years will accumulate to 50,000?

    asked by Josh on October 23, 2011
  2. Math

    What initial investment at 9% compounded semiannually for 5 years will accumulate to $15,000?

    asked by Tar on April 29, 2012
  3. Algebra

    Following the birth of a​ child, a parent wants to make an initial investment P 0 that will grow to ​$70,000 for the​ child's education at age 19. Interest is compounded continuously at 6​%. What should the initial

    asked by Lacey on November 16, 2016
  4. Integrated Trig

    How many years will it take for an initial investment of $5,000 to double if it is invested at a rate of 3% compunded continuously? Compounded annually?

    asked by Denise on April 28, 2014
  5. compound interest

    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

    asked by anonymous on December 11, 2007
  6. Math

    Suppose that you have $ 5,000 to invest. Which investment yields the greater return over 9 ​years: 8.75​% compounded continuously or 8.9​% compounded semiannually? . A) $ 5,000 invested at 8.9​% compounded semiannually

    asked by Sue on December 2, 2018
  7. math

    Monarch Distributing Ltd. plans to accumulate funds for the purchase of a larger warehouse eight years from now. If Monarch contributes $12,000 at the beginning of each month to an investment account earning 4.5% compounded

    asked by aaa on April 9, 2017
  8. College Algebra

    Adam wants to invest $40,000 in a pension plan. One investment offers 7% compounded quarterly. Another offers 6.5% compounded continuously. Which investment will earn more interest in 10 years?

    asked by Please Help on April 3, 2018
  9. Algebra

    Adam wants to invest $80,000 in a pension plan. One investment offers 7% compounded quarterly. Another offers 6.5% compounded continuously. Which investment will earn more interest in 10 years?

    asked by Janell on March 30, 2018
  10. Math

    1. If one wishes to accumulate a 30,000-fund in 5 years, how much should he deposit now at 18% compounded quarterly? 2. If a bank offers a rate of 4.5% compounded semiannually, how much should you deposit to accumulate 50,000 in

    asked by Brianne on November 4, 2014

More Similar Questions