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Leah invests $20,000 into a bank account earning 2.75% interest per year with monthly compounding. Write an equation for how much her account is
Leah invests $20,000 into a bank account earning 2.75% interest per year with monthly compounding. Write an equation for how much her account is worth after t years FV (t) = = What is derivative of this function? FV' (t) = How much is her account worth after 5 years? Round your answer to two decimal places. FV (5) = = What is the instantaneous rate of growth for her account after 5 years? Round your answer to two decimal places. FV' (5) = Estimate how much the account will grow between 5 and 5.1 years? Use differentials. Do not calculate an exact answer. Round your answer to two decimal places. dFV =
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