(Solved): For number 6 please just solve the wrong answer it will be well appreciated.:) A business deposits \ ...

A business deposits \( \$ 30,000 \) in a fund that pays \( 4 \% \) interest, compounded continuously. Determine the balance (in dollars) in this account after 27 years: (Round your answer to the nearest cent.) \( \$ \) ? LARPCALC11 3.1.054.MI. A deposit of \( \$ 8,000 \) is made in a college savings fund that pays \( 6.0 \% \) interest, compounded continuously. The balance will be given to a student after the money has earned interest for 30 years. How much (in dollars) will the student receive? (Round your answer to the nearest cent.) Determine the time necessary for \( P \) dollars to double when it is invested at interest rate \( r \) compounded annually, monthly, daily, and continueusiy. (Round your answers to two decimal places.) \( r=7,7 \% \) (a) annually yr (b) monthly ? yr (c) daily yr (d) continuously yr