http://www.ck12.org Chapter 13. Finance
TABLE13.6:(continued)
- $17,000 $40,000 25
- $10,000 $18,000 5%
- $50,000 30 8%
- $1,000,000 40 6%
- $10,000 50 7%
- How long will it take money to double at 4% continuously compounding interest?
- How long will it take money to double at 3% continuously compounding interest?
- Suppose you have $6,000 to invest for 12 years. How much money would you have in 10 years if you earned
3% simple interest? How much money would you have in 10 years if you earned 3% continuously compounding
interest? - Suppose you invest $2,000 which earns 5% continuously compounding interest for the first 12 years and then
8% continuously compounding interest for the next 8 years. How much money will you have after 20 years? - Suppose you invest $7,000 which earns 1.5% continuously compounding interest for the first 8 years and then
6% continuously compounding interest for the next 7 years. How much money will you have after 15 years?