Consider a deposit of $100 placed in an account for 20 years at r% compounded continuously. Use
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Consider a deposit of $100 placed in an account for 20 years at r% compounded continuously. Use a graphing utility to graph the exponential functions describing the growth of the investment over the 20 years for the following interest rates. Compare the ending balances for the three rates.
(a) r = 3%
(b) r = 5%
(c) r = 6%
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