You plan to invest in an account which pays 6% compounded continuously. If the investment period is for 6 years, then A(P) = P e 0.06 • 6 - Pe gives the total balance of P dollars. 0.36 Find a formula for A'(P). a. Find and interpret A'(5000). b. c. Compare the approximation to the actual change. a. A'(P) = (Type an exact answer in terms of e.)

You plan to invest in an account which pays 6% compounded continuously. If the investment period is for 6 years, then A(P) = P e 0.06 • 6 - Pe gives the total balance of P dollars. 0.36 Find a formula for A'(P). a. Find and interpret A'(5000). b. c. Compare the approximation to the actual change. a. A'(P) = (Type an exact answer in terms of e.)

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter6: Vector Spaces

Section6.7: Applications

Problem 14EQ

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