Question: The equation A ( t ) = 2 0 0 0 e 0 . 0 5 t gives the balance after t years of an
The equation gives the balance after years of an initial investment of dollars which pays compounded continuously.
a Find a formula for
b Find and interpret Include appropriate units.
c Compare the approximation of $ to the actual change. Report your answer to two decimal places.
B The future value of a year investment of $ will be $ more than the future value of a year investment of $
C The future value of a year investment of $ will be $ more than the future value of a year investment of $
D The future value of a year investment of $ will be $ more than the future value of a year investment of $
c dollars per year. Round to two decimal places as needed.
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