Insulin resistance in the brain precedes and contributes to cognitive decline above and beyond other known causes of Alzheimer's disease, according to a new study by researchers from the Perelman School of Medicine at the University of Pennsylvania. Insulin is an important hormone in many bodily...
I'm trying to solve a math problem that asks to to find the interest when it has been compounded continuously, although, the formula it gives me to solve it is not clear. It tells me to take the principle which is $60000 and multiply it by (italicized e) to the power of rate times interest which...
obtain a balance of $190000? I need to find the amount that has to be invested in 1, 10, 20, 30, 40, and 50 years for each to result in $190000 at the end of each amount of designated years, when it has a 7% interest rate that is compounded weekly
...account after 6 years? You invest $2800 at 6.9% interest compounded annually. How much is in the account after 6 years, assuming that you make no subsequent withdrawal or deposit?
continuously, and at the end...? If an amount of x dollars is invested at 3% interest compounded continuously, and at the end of 3 years the value of the investment is $2000, find x.
This question from Hull's Options Futures and Other Derivatives text is really messing with my head. It's Example 4.2 on Pg. 78 of the 7th Edition. Goes like this:
"Suppose that a lender quotes the interest rate on loans as 8% per annum with continuous compounding, and that interest is actually...
...continuously, how much money? will you have after 4 years? Assume you make no other deposits or withdrawls.
A. $6,312.38
B. $11,821.07
C. $6,356.25
D. $5,024
My bank offers an "easy start" CD, which you continue adding money to on a monthly basis. The interest is compounded daily (it's .75%) and I would add a deposit of $800 to this CD at the beginning of every month, and this would continue for 3 years.
I need a formula that will let me compound...
Which is a better deal?
6.5 compounded continuously for 7 years is a better investment than 7.5% compounded continuously for 5.5 years?
Also, how much would need to be put into an account paying 8% compounded monthly in order to have $ 1000 in 5 years?
Is 4.5% compounded monthly for 15 years...
I need a full explanation of this, folks!
"What annual rate r compounded continuously is equivalent to a nominal rate of 6% compounded semiannually?" (hint: first show that r = 2 ln(1.03)
where the hint come from?help!!
Suppose that $1400 is invested at an interest rate of 4% per year, compounded continuously. After how many years will the initial investment be doubled? Round your answer to two decimal places.