U2 P4 Compound Continuous and Investments

P = 26,000 | Rate = 2.4% | 4 years | Compounded Continuously | Amount owed??? (a)  

• $2,496
• $28,496
• $3,406,924
• $28,619.74

Compounded Continuously Invested $400 at a rate of 35% for 8 months (a)  

• $520.07
• $505.12
• $460.11
• $7,643.74

Compounded Continuously an investment of  $400 at a rate of 35% for 2 years (a)  

• $280
• $680
• $1,034.47
• $805.50

If $1,000 is invested at 16% interest, compounded continuously, for five years, what is the ending balance? (a)  

• $1,225,54
• $2,225.54
• $22,255.40
• $225.54

DJ is 10 years old and she is saving for a car. she wants $8,000 by the time she is 16 years old. She opens a savings account with an APR of 4.1% compounded weekly. How much should she deposit into her account each week to meet her goal? (a)  

• $22.63
• $200.63
• $2.63
• $20.63

Willow is 8 years old and she is saving for a car. she wants $10,000 by the time she is 16 years old. She opens a savings account with an APR of 2.25% compounded weekly. How much should she deposit into her account each week to meet her goal? (a)  

• $21.95
• $219.40
• $20.18
• $19.94

Bob and Sue want to save a total of $500,000 for retirement. How much should they deposit monthly into an account that pays 4.5% interest, compounded monthly, to meet their goal in 25 years? (a)  

• $904.16
• $1,015.22
• $9,014.00
• $1,500.22

Tags

CCSS.8.EE.C.7B

Devon opened a money market account that has a 3.65% annual interest rate, compounded annually. He deposits $1,500 into the account each year. How much will he have in his account after 20 years? (a)  

• $43,079.38
• $2,068,184.66
• $31,063.39
• $4,307.94

Tags

CCSS.HSF.BF.A.2

Fong wants to restore a '66 Mustang in 8 years. He puts $150 into an account every month that pays 3.5% interest, compounded monthly. How much is in the account in 8 years? (a)  

• $16,590.38
• $10,496.77
• $76,108.90
• $71,984.01

Janine is 20 years old. She opens an account that pays 4.8% interest compounded monthly. She sets a goal of saving $15,000 by the time she is 24 years old. How much must she deposit each month? Round to the nearest cent.

(a)