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[a] Examine the table containing data for the time t (in 1fears] necessary forP dollars to double when interest is compounded continuously at rate r.

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[a] Examine the table containing data for the time t (in 1fears] necessary forP dollars to double when interest is compounded continuously at rate r. r 2% 4 "xi: 6 "xi: 8% 1 0% 1 2 "xi: t 34.66 17.33 11.55 8.66 6.93 5.78 Draw a scatter plot of the data in the table. L' t mun moo r7100. r7100 0 0.02 0.04 0.06 0.08 0.10 0.12 0.14 O 0.02 0.04 0.06 0.00 0.10 0.12 0.1-! Use 1e power regression feature of a graphing utilityr to find a model for the data. [Round all numerical values to 01ree decimal places.) (b) Examine the table containing data for the time t (in years) necessary for P dollars to double when interest is compounded annually at late r. r 2% 4% 6% 8% 10% 12%. t 35.00 17.67 11.90 9.01 7.27 6.12

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