Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. 2a how much money would need to be deposited today

2a How much money would need to be deposited today in order to grow to...

80.2K

Verified Solution

Question

Basic Math

image

2a How much money would need to be deposited today in order to grow to 50 000 in an account earning 3 5 compounded quarterly after 20 years Round to the nearest cent 2b How long would it take for a deposit of 10 000 to triple if placed into an account paying 2 75 interest compounded continuously Round your answer to one decimal place

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Statistics
1.2K views

X ~ ( Mean, 2.15) ( Suppose we do not have information of Mean of the...

Biology
1.2K views

1) What are IP Cells and Stem Cells with respect to cell death and renewal? 2) What...

Medical Sciences
1.2K views

1. Muscles used for picking up something from the ground? Which muscles are Agonists for picking up...

Medical Sciences
1.2K views

1. The function of the chordae tendae is to A. Aide in the contration of the...

Basic Math
1.2K views

To get a B in math Alexandria Pappas must average 80 on five tests Scores...

Calculus
1.2K views

The graph of a function y g x is shown below Use it to answer...

Algebra
1.2K views

For the function given below, (a) use the product-to-sum formulas to express the product as...

Accounting
1.2K views

Business transactions are part of which phase in the accounting process? Please explain. A. processing...

Accounting
1.2K views

Which one of the following does not reflect the correct effect of an increase in...

Accounting
1.2K views

1-a. How much will net operating income increase (decrease) per month if the monthly advertising...

Accounting
1.2K views

Required information Problem 11-41(LO 11-3, LO 11-4)(Algo) [The following information applies to...

Finance
1.2K views

Please give full explanation (Suggested time: 10 minutes) Use the following information, extracted from...