Jerry invests $6000 at 7.5%/a, compounded annually. a) Determine the equation of the amount, A, after t years. b) Estimate the

Question

Jerry invests $6000 at 7.5%/a, compounded annually.
a) Determine the equation of the amount, A, after t years.
b) Estimate the instantaneous rate of change in the value at 10 years.
c) Suppose that the interest rate was compounded semi-annually instead of annually. What would the instantaneous rate of change
be at 10 years?

Kunduz · Accepted Answer

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