Ximena Is Going To Invest In An Account Paying An Interest Rate Of 2.2% Compounded Continuously. How Much Would Ximena Need To Invest, To The Nearest Ten Dollars, For The Value Of The Account To Reach $5,100 In 6 Years?

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Ximena Is Going To Invest In An Account Paying An Interest Rate Of 2.2% Compounded Continuously. How Much Would Ximena Need To Invest, To The Nearest Ten Dollars, For The Value Of The Account To Reach $5,100 In 6 Years?. Compound interest calculator with step by step explanations. Aiden needs to invest approximately $853 today to have $1,060 in 10 years with an interest rate of 2.2% compounded daily.

Answered 16,000 is invested in an account… bartleby
Answered 16,000 is invested in an account… bartleby from www.bartleby.com

In the first year, you’d earn $12.50 in interest, making your new balance at the end of the year $262.50. Therefore, ximena need to invest $ 2384 to reach $5,100 in 6 years with interest rate 2.2%. How much would ximena need to invest, fo the nearest fen dollars, for the value of the account to reach $5.100 in 6 years?

How Much Would Ximena Need To Invest, Fo The Nearest Fen Dollars, For The Value Of The Account To Reach $5.100 In 6 Years?


Aiden needs to invest approximately $853 today to have $1,060 in 10 years with an interest rate of 2.2% compounded daily. How much would ximena need to invest, to the nearest ten. Calculate principal, interest rate, time or interest.

The Present Value Is Calculated Using The Formula.


In the first year, you’d earn $12.50 in interest, making your new balance at the end of the year $262.50. How much would ximena need to invest, to the nearest ten dollars,. A = 5100, r = 0.022, and t = 6.

Ximena Is Going To Invest In An Account Paying An Interest Rate Of 2.2% Compounded Continuously.


Compound interest calculator with step by step explanations. Therefore, ximena need to invest $ 2384 to reach $5,100 in 6 years with interest rate 2.2%. Plug in the given values:

Calculate The Value Of P:


There are 2 steps to solve this one. Ximena would need to invest approximately $4469.34 for the value of the account to reach $5,100 in 6 years. Ximena is going to invest in an account paying an interest rate of 2.2% compounded continuously.

If You Leave That $262.50 In The Account For Another 3 Years, The New.


Detailed step by step solution for ximena is going to invest in an account paying an interest rate of 2.2% compounded continuously. Jonathan and his sister jennifer have a combined age of 48.

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