Question
$8,000 is invested in an account earning 7.9% interest (APR), compounded continuously. Write a function showing the value of the account after t years, where
$8,000 is invested in an account earning 7.9% interest (APR), compounded continuously. Write a function showing the value of the account after t years, where the annual growth rate can be found from a constant in the function. Round all coefficients in the function to four decimal places. Also, determine the percentage of growth per year (APY), to the nearest hundredth of a percent.
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Differential Geometry Of Curves And Surfaces
Authors: Thomas F Banchoff, Stephen T Lovett
3rd Edition
1000597725, 9781000597721
