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topone45
Wysłany: Wto 2:31, 26 Paź 2010
Temat postu:
Jill? Ginsburg
Jill on the train a young woman presented to 100 U.S. dollars, the woman looked puzzled expression Gill.
San financial Granny
given away $ 100 a day
24, according to U.S. media reports, the woman in Portland, Oregon Jill? Hopkins Gina Berg brought up there, learned from his mother \To commemorate the late mother, but also to change its \.
inheritance \her 89-year-old mother, Gina? Ginsburg in World War II luckily escaped the Holocaust emigrated to the U.S., the home of all property taken away by the Nazis have the experience, to develop a Gina do not trust any stranger's life attitude. When Gina got married in the United States, having children, she became very mean and stingy.
Gill finished work on their own Medical University, and became a doctor. Gill himself is now become a white-haired old woman, when she suddenly found his life by the subtle influence of his mother Gina, she herself has also become very \
change the \To commemorate the late mother, but also to change its \Name stranger sent $ 100.
see who \. \Jill wrote in a blog: \a gift $ 100. \
\. Most of these people think that Jill may have to help them, most of them never dreamed \Gill said: \
fertieg50
Wysłany: Czw 5:45, 14 Paź 2010
Temat postu: Forever Yours asked the following
Popularity: 1% [?]
A = P(1 + r/n)^(nt)
8500 = 5000(1 + 0.075/4)^(4t)
==> 8500 = 5000(1.01875)^(4t)
==> 1.7 = 1.01875^(4t)
==> ln(1.7) = ln[1.01875^(4t)]
==> ln(1.7) * 4t*ln(1.01875)
==> 4t = ln(1.7)/ln(1.01875)
==> t = ln(1.7)/[4ln(1.01875)] ≈ 7.14
Bookmark at:
So it will take about 7.14 years.
We said:
Answer by θ βяιαη θ
Recall your compound interest formula.
I hope this helps!
Since the rate is 7.5%/year, we have that r = 0.075. Also, we are compounding 4 times a year. So we have that n = 4. We are also given that A = 8500 and P = 5000. So we have:
Forever Yours asked the following: Find the time required for an investment of 5000 dollars to grow to 8500 dollars at an interest rate of 7.5 pe?
Find the time required for an investment of 5000 dollars to grow to 8500 dollars at an interest rate of 7.5 percent per year, compounded quarterly.
Add your own answer in the comments!
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