If a sum of $1000 is deposited into an account that pays r % interest compounded quarterly,

Question:

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.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

See More Books

Question Posted: Jan 04, 2023 01:52 AM

See More Questions

If a sum of $1000 is deposited into an account that pays r% interest compounded continuously, the balance after 12 years is given by A = 1000e 12r/100 . Find and interpret dA/dr when r = 5.
If a sum of money is deposited into an account that pays r% interest compounded annually, the doubling time (in years) is given by Find and interpret dT/dr when r = 5. T = In 2 In(1 + r/100)
If Geoff makes quarterly deposits of $1,000 into an account that pays 1.4% interest quarterly, how long will it take for his principal to grow to $10,000? Use the future balance of a periodic...
The American Chamber of Commerce Researchers Association compiles cost-of-living indexes for selected metropolitan areas. Shown here are cost-of-living indexes for 25 different cities on five...
If total fixed costs are $200,000 and total variable costs are $100,000 at the output of 20,000 units, what are the probable total fixed costs and total variable costs at an output of 10,000 units?...
Bosch tools are sold in stores such as Home Depot and Lowes. What kind of distribution strategy is being used? a. Exclusive b. Intensive c. Selective d. Franchise
What risk(s) does LEGO face from licensing its brand, logo, toy patents, and LEGO Movie? LO.1
An article in Nuclear Engineering International (February 1988, p. 33) describes several characteristics of fuel rods used in a reactor owned by an electric utility in Norway. Measurements on the...
SkyChefs, Inc., prepares in-flight meals for a number of major airlines. One of the company's products is grilled salmon in dill sauce with baby new potatoes and spring vegetables. During the most...
Q3. Consider the following frequency distribution about the age distribution of internet visitors to a travel site. Age Percent 18-24 11.30 25-34 19.10 35-44 23.64 45-54 23.48 55+ 22.48 a. Is this a...
Find the marginal average cost function of each function defined as follows. C(x) = x + 1
Just as there are times when the erroneous version of the product rule holds there are times when the erroneous version of the quotient rule holds. Calculate [(x)g(x)] and (x)g(x) for (x) = ae...
Last year delightful desserts had a quick ratio of 1.8, current ratio of 5.0, an inventory turnover of 7, total current assets of $340,000 and cash and equivalents of $43,000. if the cost of good...
1. [-/1 Points] DETAILS Find the associated exponential decay or growth model. (Round all coefficients to three significant digits.) Q=3,000 when t = 0; doubling time = 4 Q = Need Help? Read It Watch...
The 10 m wide gate restrains water at a depth of 6 m. Calculate the magnitude of the hinge reaction at A, and the contact force between the gate and the smooth surface B. Neglect the weight of the...
Write a program loop, using a pointer and a counter, that dears i'o 0 the contents of hexadecimal locations 500 through 5FF. Write a program to multiply two positive numbers by a repeated addition...
entries. Record journal entries in the order presented in the problem. If no entry is required, select "No Entry" for the account titles and enter O for the amounts. Credit account titles are...
APA formatting : Take the information below and put it into correct APA format. Journal Article (5 points) Authors: William R. Johnson, Cynthia E. Hernandez, Jamal M. Wilson. Year published: 2019....
The two employees at Oswald Co. receive various fringe benefits. Oswald Co. provides vacation at the rate of $500 per day, and each employee earns one day of vacation per month worked. In addition,...
Choose two matrices A and B with dimension 2 x 2. Calculate det A, det B, and det (AB). Repeat this process until you are able to discover how these three determinants are related. Summarize your...
Use Cramers rule to solve each system of equations. If D = 0, then use another method to determine the solution set. 5x - y = -4 3x + 2z = 4 4y + 3z = 22
Use Cramers rule to solve each system of equations. If D = 0, then use another method to determine the solution set. 3x + 5y = -7 2x + 7z = 2 4y + 3z = -8
Use Cramers rule to solve each system of equations. If D = 0, then use another method to determine the solution set. x + 2y = 10 3x + 4z = 7 -y - z = 1
Show that the convexity for a zero coupon bond with m payments per year is (m) n(n + -)(1+ m m
Abdul Canarte , a Central Bank economist, noticed that the total group purchasing basket of goods (CPI) has gone from $149,740.00 to $344,460.00 in 8 years. With monthly compounding, what is the...
ABC Corporation expects sales next year to be $50,000,000. Inventory and accounts receivable (combined) will increase $8,000,000 to accommodate this sales level. The company has a profit margin of 6...

If a sum of $1000 is deposited into an account that pays r % interest compounded quarterly,

Question:

A 1000 1 + = 1000 (1 400 48

Step by Step Answer:

The balance increases by approximately ...View the full answer

Calculus With Applications

Students also viewed these Mathematics questions