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You deposit $2000 in an account with an annual interest rate of r (in decimal form) compounded monthly. At the end of 5 years, the balance A is 60 +)*⁰. A 2000 1+ Find the rates of change of A with respect to r when r= 0.08, r= 0.10, and r= 0.12. (Round your answer to two decimal places.) (a) - 0.08 (b) - 0.10 $ (c) r=0.12 per 100 percentage points per 100 percentage points per 100 percentage points

You deposit $2000 in an account with an annual interest rate of r (in decimal form) compounded monthly. At the end of 5 years, the balance A is 60 +)*⁰. A 2000 1+ Find the rates of change of A with respect to r when r= 0.08, r= 0.10, and r= 0.12. (Round your answer to two decimal places.) (a) - 0.08 (b) - 0.10 $ (c) r=0.12 per 100 percentage points per 100 percentage points per 100 percentage points

Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 40E
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You deposit $2000 in an account with an annual interest rate of r (in decimal form) compounded monthly. At the end of 5 years, the balance A is 60 +)*⁰. A 2000 1+ Find the rates of change of A with respect to r when r= 0.08, r= 0.10, and r= 0.12. (Round your answer to two decimal places.) (a) - 0.08 (b) - 0.10 $ (c) r=0.12 per 100 percentage points per 100 percentage points per 100 percentage points
Transcribed Image Text:You deposit $2000 in an account with an annual interest rate of r (in decimal form) compounded monthly. At the end of 5 years, the balance A is 60 +)*⁰. A 2000 1+ Find the rates of change of A with respect to r when r= 0.08, r= 0.10, and r= 0.12. (Round your answer to two decimal places.) (a) - 0.08 (b) - 0.10 $ (c) r=0.12 per 100 percentage points per 100 percentage points per 100 percentage points
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