1. Math
  2. Prealgebra
  3. 31 you put 100 000 into an account and you...

Question: 31 you put 100 000 into an account and you...

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31. You put $100, 000 into an account and you want to have $150, 000 in 4 years. What interest rate compounded annually do you need in order to accomplish this?

32. You put $100, 000 into an account and you want to have $150, 000 in 4 years. What interest rate compounded monthly do you need in order to accomplish this?

33. You put $100, 000 into an account that pays 5% interest compounded monthly. How much money will the account have in 7 years?

34. You bought stock in a company and three years later the value of the stock doubled. Find the rate of continuous growth.

35. You bought stock in a company and three years later the value of the stock was 4 times what you paid for it. Find the rate of continuous growth.

36. You bought stock in a company and 2 years later the value of the stock declined by 40%. Find the rate of continuous decline.

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