Question

How do I solve these problems?

Complete the table for a savings account in which interest is compounded continuously.

1. Initial Investment: $1000
Annual % Rate: 3.5%
Time to Double: ?
Amount After 10 Years: ?

2. Initial Investment: $750
Annual % Rate: ?
Time to Double: 7 3/4 yr
Amount After 10 Years?

3. Initial Investment: $500
Annual % Rate: ?
Time to Double: ?
Amount After 10 Years: $1505.00

4. Initial Investment: ?
Annual % Rate: 4.5%
Time to Double: ?
Amount After 10 Years: $10,000.00


Ms. Sue
This site may help you.

http://www.moneychimp.com/calculator/compound_interest_calculator.htm

Related Questions

Complete the table for a savings account in which interest is compounded continuously. initial i... On each December 31, you plan to transfer $2,000 from your checking account into a savings account.T... Gwen has saved $3,500 and wants to deposit it into a savings account that earns 4% annual interest f... Nicole deposited 250 into a savings account that earns 1.5% simple interest per year. Use this infor...