Annual interest compounded continuously

Reference no: EM13693953

1. If you deposit $4500 at 5% annual interest compounded continuously, how much money will be in the account after 10 years?

2. If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long until there is $10000 in the account?

3. How much money would you need to deposit today at 5% annual interest compounded monthly to have $20000 in the account after 9 years?

Reference no: EM13693953

Questions Cloud

Receipts and subsequent payments to suppliers. : A CPA is reviewing a client's internal controls over merchandise receipts and subsequent payments to suppliers.

The yummy food company purchased equipmen : The Yummy Food Company purchased equipmen

Produce a detailed project plan : Produce a detailed project plan, including some of the key headings given below, and any other information such as recommendations to the Project Board that you consider appropriate.

Income tax : Income Tax

Annual interest compounded continuously : If you deposit $4500 at 5% annual interest compounded continuously, how much money will be in the account after 10 years? If you deposit $4000 into an account paying 9% annual interest compounded monthly, how long until there is $10000 in the account..

Shit the demand curve or supply curve for loan able funds : Suppose a fiscal stimulus package that called for a large increase in government spending actually increases governments’ budget deficit dramatically. When the government runs a larger budget deficit, dose that shit the demand curve or the supply cur..

Ratio of capital to labor minimizes jake-pauls total cost : Jake and Paul run a paper company. Each week they need to produce 1,000 reams of paper to ship to their customers. The paper plant's long-run production function is Q = 4 K^0.75 L^0.25, where Q is the number of reams produced, K is the quantity of ca..

A profit-maximizing firm with market power : A profit-maximizing firm with market power will always produce a level of output where

Explain each step of the marketing research process : How might you use Maslow's hierarchy of needs in marketing cell phones in the U.S. versus a relatively poor country such as Haiti and explain each step of the marketing research process

User Account

All Pages