# What initial investment at 8% compounded continuously for 7 years will accumulate to \$70,000?

Here are 12 best answers to ‘What initial investment at 8% compounded continuously for 7 years will accumulate to \$70,000?’ - the most relevant comments and solutions are submitted by users of ChaCha and Yahoo! Answers.

## Best solution

• ### What initial investment at 8% compounded continuously for 6 years will accumulate to \$45,000 (Round your answer to two decimal places.)

\$27,845.25 is the initial investment at 8% compounded continuously for 6 years that will accumulate...

## Other solutions

• ### what is the interest rate needed for an investment of \$ 4100 to double in 6 years if interest is compounded continuously

For an investment of \$4,100.00 to double in 6 years, under continuously compounding interest, you would...

• ### If 6500 dollars is invested at 5.25% interest compounded continuously, how many years would it take to accumulate to 10000 dollars

It would take 8.20539 years to reach \$10,000.

1- Petry Corp. is a growing company with sales of \$1.25 million this year. The firm expects to grow at an annual rate of 25 percent for the next three years, followed by a growth of 20 percent per year for the next two years. What will be Petry&rsquo...

• ### What initial investment at 9% compounded semiannually for 5 years will accumulate to \$15,000?

I need help setting up this problem...

semi-annual rate: 0.09/2 = 0.045... and n = 5 yrs * 2 semi per year = 10 FV = P(1+r)^n \$15,000 = P(...

• ### What initial investment at 9% compounded semiannually for 5 years will accumulate to \$15,000?

I need help setting up the problem.

let P is the initial amount rate is r= 0.09 amount A compounded twice a year r/2 = 0.06/2 = 0.03 A=P...

• ### What initial investment at 7% compounded continuously for 7 years will accumulate to \$55,000? (Round your answer to two decimal places.)?

Just under 36900

• ### What initial investment at 6.5% compounded continuously for 6 years will accumulate to \$45,000 (Round your answer to two decimal places.)?

An initial investment of \$32,399 at 7.5% for 6 years will amount to 45,001.