When an initial amount of money, in dollars, is invested into an account that earns interest continuously, the Future Value of the account after years is given by the formula: where is the annual interest rate earned by the account. Let and .
A) What is the value of the account, in dollars, after 13 years? Give your answer rounded to two decimal places.
Answer $
B) What is the exact instantaneous rate of change of the value of the account at exactly 20 years? Give your answer rounded to two decimal places.
Answer: dollars per year
C) At what time, in years, is the instantaneous rate of change of the value of the account increasing by $16,883.11 per year? If necessary, round your answer to two decimal places.
Answer: After years.
D) What is the average rate of change of the future value of the account between year 13 and year 17? (Round to the nearest penny/cent.)
Answer: dollars per year. (Round to two decimal places.)
A) What is the value of the account, in dollars, after 13 years? Give your answer rounded to two decimal places.
Answer $
B) What is the exact instantaneous rate of change of the value of the account at exactly 20 years? Give your answer rounded to two decimal places.
Answer: dollars per year
C) At what time, in years, is the instantaneous rate of change of the value of the account increasing by $16,883.11 per year? If necessary, round your answer to two decimal places.
Answer: After years.
D) What is the average rate of change of the future value of the account between year 13 and year 17? (Round to the nearest penny/cent.)
Answer: dollars per year. (Round to two decimal places.)