Concept explainers
Future value If $P is invested for n years at 10% compounded continuously, the future value that results after n years is given by the function
(a) At what rate is the future value growing at any time
(b) At what rate is the future value growing after 1 year (n = 1)?
(c) Is the rate of growth of the future value after 1 year greater than 10%? Explain.
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