Investment with continuous compound interest

Assignment Help Mathematics
Reference no: EM131233655

Determine the per annum interest rate required for an investment with continuous compound interest to triple in 6 years. Express your answer as a percent. Enter an exact answer or round to three decimal places, for example 10.227%. Don't include the % sign in your answer.

Interest rate required:

Reference no: EM131233655

Questions Cloud

How can the operation be reorganized more effectively : A 100-cy/hr maximum output pump is used to place the concrete for a l60-cy slab.  -How long will the operation take? - How can the operation be reorganized more effectively?
How does an animal behavior aid survival and reproduction : Explain why asexually reproducing organisms are generally found in environments that do not change very much through time, while sexually reproducing organisms are very successful in environments that change dramatically through time.
Find the exit temperature and the exergy destruction : A flow of 1 kg/s of air at 300 K is mixed with a flow of 2 kg/s air at 1500 K in an insulated pipe junction at a pressure of 100 kPa. Find the exit temperature and the exergy destruction.
Absolutes of quality management : Compare Deming’s Theory of Profound Knowledge and Crosby’s Absolutes of Quality Management. Do these theories conflict or complement each other? This answer must be in your own words—significant cut and paste from the text or other sources is not acc..
Investment with continuous compound interest : Determine the per annum interest rate required for an investment with continuous compound interest to triple in 6 years. Express your answer as a percent. Enter an exact answer or round to three decimal places, for example 10.227%. Don't include t..
Explain the concept of zero defects : Explain the concept of zero defects. What was Crosby attempting to accomplish by the use of the zero defects approach? This answer must be in your own words—significant cut and paste from the text or other sources is not acceptable.
Find the work out of the heat engine using the exergy : A piston/cylinder has forces on the piston, so it maintains constant pressure. It contains 2 kg of ammonia at 1 MPa, 40?C and is now heated to 100?C by a reversible heat engine that receives heat from a 200?C source. Find the work out of the heat ..
Explain the concept of delegated quality : Explain the concept of delegated quality. How might the achievement of a quality award or ISO certification reduce the risk associated with delegated quality? This answer must be in your own words—significant cut and paste from the text or other sour..
Determine the time : You invest $5,650 at 7% per annum compounded continuously. Determine the time T (in years) for your investment to be worth $10,460. Enter an exact answer or round to two decimal places.

Reviews

Write a Review

Mathematics Questions & Answers

  Assume ray gets 14 interest compounded semiannually how

ray long wants to retire in arizona when he is 70 years of age. ray is now 50. he believes he will need 130000 to

  Let ? be a set, and g a subgroup of the group sym

Let ? be a set, and G a subgroup of the group Sym(?) of permutations of ?. Let ω ∈ ?, and let G_ω denote the stabilizer of ω in G.(a) If H is a subgroup of G such that H acts transitively on ?, show that G = HG_ω.(b) If G acts transitively on ?, show..

  Find the alternative hypothesis and the null hypothesis

Find the alternative hypothesis and the null hypothesis.

  Number of patients to quadruple

A non-resolved case of epidemic will have a continuous growth of statistics based on the present amount. If a number of SARS patients has been left untreated for one day, the number of patients will double. How long will it take for the number of ..

  Construct a taylor series expansion for the function

Math 104: Homework 10. Construct a Taylor series expansion for the function f(x) = log(1 + x) at x = 0. By considering the remainder Rn(x), prove that the Taylor series agrees with f in the range -1/2

  The balloon increasing when the balloon has a diameter of 5

1) 2 boats leave a dock at the same time. one boat travels south at 30 mi/H and the other travels east at 40 mi/H. After half an hour, how fast is the distance between the boats increasing?) A spherical balloon is inflated at a rate of 10 cm^3/min. A..

  What is a type i error for your test

Set up a hypothesis test to try to prove that the mean number of hours studied at your school is different from the 14.6-hour-per-week benchmark reported by BusinessWeek.

  Determine how long it takes the son to clean alone

When the son works alone, it takes him an hour longer to clean than it takes his dad alone. Find how long it takes the son to clean alone.

  Find the average time that an item is on the shelf

Find the proportion of customers that go away empty handed. Find the average time that an item is on the shelf

  The average composite act score related issues

Identify the sampling distribution you use and check all necessary conditions.

  Assignment-best practices from scm

Write a one to two (1-2) page paper in which you discuss the single best practice from SCM, procurement, and procurement systems (one from each) and explain how the three can work together.

  Required reading assignment

1. Closely read the Required Reading assignment from your textbook, the TCEQ (2011) document, and the Unit Lesson in the Study Guide. 2. Open your proposal draft from Unit VI and make any improvements to your draft using your professor's feedback ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd