If a sum of $1000 is deposited into an account that pays r % interest compounded quarterly,
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If a sum of $1000 is deposited into an account that pays r % interest compounded quarterly, the balance after 12 years is given by
Find and interpret dA/dr when r = 5.
Transcribed Image Text:
A 1000 1 + = 1000 (1 400 48
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The balance increases by approximately ...View the full answer
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