You plan to invest in an account which pays 4 compounded continuously If the investment period is for 5 years then A P Pe0 04 5

Question

You plan to invest in an account which pays 4 compounded continuously If the investment period is for 5 years then A P Pe0 04 5 Pe0 2 gives the total balance of P dollars a Find a formula for A P b Find and interpret A 2000 c Compare the approximation to the actual change a A P Type an exact answer in terms of e

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