Find the present value of $12000 payable at the end of 8 years with 7% interest

Question

Find the present value of $12000 payable at the end of 8 years with 7% interest compounded continuously.

present value (exact value, symbolic answer) = dollars

present value (to the nearest penny, numeric answer) = $

If you want your retirement account to have a balance of $200000 when you retire in 50 years, how much should you invest now at a rate of 8% interest compounded continuously?

investment now (exact value, symbolic answer) = dollars

investment now (to the nearest penny, numeric answer) = $

At the time you retire, how quickly is your retirement account growing?
rate of growth = dollars per year

How many years are required for an investment of $3000 to triple in value if it is earning interest at the rate of 5% compounded continuously?

time (exact value, symbolic answer) = years

time (approximate value, numeric answer) = years

At the time that the investment has tripled in value, how quickly is the investment growing?
rate of growth = dollars per year

Explanation / Answer

a) 6984.86$

b) 4264.392 $

rate of growth=3914$

c)15year

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