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1 ) You want to save up $ 1 0 0 , 0 0 0 and you find an broker advertising an account with 5
You want to save up $ and you find an broker advertising an account with nominal interest compounded continuously.a What is the annual growth factor?b What is the APY aka annual percentage changec Suppose you invest P dollars in this account Write a function At that gives the amount in the account after t years.d What is the year growth factor of this investment?e If you want to withdraw $ in five years, how much should you initially invest in the account?f Set up an equation to find out how long it will take to have $ dollars if you initially invest $ Solve via graphing What is the better investment: an account with APR compounded continuously, or an account with APR compounded quarterly? Justify your answer with calculations.
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