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Math 157 question suppose a principal of $1000 is deposited into an account that pays annual interest r compounded quarterly. a) Give the formula for

Math 157 question

suppose a principal of $1000 is deposited into an account that pays annual interest r compounded quarterly.

a) Give the formula for the future value of the balance after 12 years.

b) Approximate using differentials the absolute error in the future value of the balance after 12 years if you know the interest rate is 5% with an absolute error of 0.1%

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