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How much will the system cost in three years

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Reference no: EM131012771

1. How long will it take an investment of $1000 to grow to $1400 if it earns 8% compounded continuously?

2. How long will it take an investment of $50,000 to grow to $80,000 if it earns 10% compounded quarterly?

3. Adam wants to buy a home entertainment system costing $5000. The price of the system increases 4% per year. How much will the system cost in 3 years?

Reference no: EM131012771

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