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**haywired2002** Q1 . An investment of $200,000 is made which earns interest at the rate of 8% per year. If interest is compound countinously :

1) Determine the exponential function which states the compound amount as a function of year of investment t.

2) What will the $200,000 grow to if it is invested for 5 years? 10 years?

Q2. An investment of $500,000 is made which earns interest at the rate of 7.5% per year. If interest is compound continously :

1) Determine the exponential function which states the compound amount S as a function of year of investment t.

2) What will the $500,000 grow to if it is invested for 10 years? 20 years?

Q3. In question 1 , determine the length of time required for the investment to double in value, to quadruple.

Q4. In question 2, determine the length of time required for investment to double in value, to triple.

Q5. An investment of $1 million which earns interest at the rate of 8.5% per year is made. If interest is compounded countinously (a) what will the investment grow to if it is invested for 10 years (b) 25 years (c) how long will it take for the investment to increase by 50%