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% 2.6.75-T Question Help 0 120 Suppose $6000 is invested in a savings account for 10 years (120 months), with an annual interest rate of
% 2.6.75-T Question Help 0 120 Suppose $6000 is invested in a savings account for 10 years (120 months), with an annual interest rate of r, compounded monthly. The amount of money in the account after 10 years is A(T) = 6000 1 + a. Use the Intermediate Value Theorem to show there is a value of rin (0,0.08)an interest rate between 0% and 8%that allows you to reach your savings goal of $7000 in 10 years. b. Use a graph to illustrate your explanation in part (a), then approximate the interest rate required to reach your goal. XD. A is not continuous on any interval Find A(O). AO) = 6000 (Type an integer or a decimal.) Find A(0.08). A(0.08) 13,318 (Round to the nearest integer as needed.) Why can the Intermediate Value Theorem be used to show that there is a value of r in (0,0.08) that allows you to reach your savings goal of $7000 in 10 years? O A. It can be used because A is defined on (0,0.08) and 7000
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