Question
Continuous Compound Interest II An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously. Use this information to answer questions 4-5
Continuous Compound Interest II
An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously.
Use this information to answer questions 4-5 below.
Flag question: Question 4Question 47 pts
Use the Continuous Compound Interest II information above to answer this question.
Find the instantaneous rate of change in the amount in the account after 4 years (in dollars per year). Round to the nearest cent.
$ per year.
Flag question: Question 5Question 57 pts
Use the Continuous Compound Interest II information above to answer this question.
Find the instantaneous rate of change in the amount in the account at the time the amount is equal to $14,749. Round to the nearest cent.
$ per year.
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