Question:

(a) If $4,500 is invested at 1.55% interest, find the value

Last updated: 7/11/2022

(a) If $4,500 is invested at 1.55% interest, find the value

(a) If $4,500 is invested at 1.55% interest, find the value (in dollars) of the investment at the end of 4 years if the interest is compounded as follows. (Round your answers to the nearest cent.) (1) annually $ () quarterly $ () monthly. $ (iv) weekly $ (v) daily $ (vi) continuously $ (b) If A(t) is the amount of the investment at time t for the case of continuous compounding, write a differential equation satisfied by A(t). (Let A represent A(t).) dA dt = Find the initial condition satisfied by A(t). A(0) =