If a sum of money is deposited into an account that pays r% interest compounded annually, the

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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.

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Calculus With Applications

ISBN: 9780135871348

12th Edition

Authors: Margaret L. Lial

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Question Posted: Jan 04, 2023 01:52 AM

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If a sum of money is deposited into an account that pays r% interest compounded annually, the

Question:

T = In 2 In(1 + r/100)

Step by Step Answer:

The doubling time decreases by approximately 277 yea...View the full answer

Calculus With Applications

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