Unformatted text preview: How much should William put into this account so that he’ll have $4000 at the end of two years? 4) A total of $12,000 is invested at an annual percentage rate of 9%. Find the balance after 5 years if the interest is compounded continuously. 5) A sum of $9000 is invested at an annual percentage rate of 8.5%. Find the balance in the account after 3 years if a) interest is compounded annually
b) interest is compounded monthly
c) interest is compounded continuously 6) If interest is compounded continuously at 4.5% for 7 years, how much will a $2000 investment be worth at the end of 7 years? Compound Interest Problems 1) A total of $12,000 is invested at an annual...
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This note was uploaded on 11/29/2013 for the course MATH Trigonomet taught by Professor Grawbowski during the Fall '11 term at Midwood High School.
- Fall '11