Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Solve and show work for incorrect answers and please type out the answers for the incorrect answers 4-SX5e a smilar question j You can retry

image text in transcribed

Solve and show work for incorrect answers and please type out the answers for the incorrect answers

image text in transcribed

4-SX5e a smilar question j You can retry this question below When an initial amount of money, A, in dollars, is invested into an account that earns interest continuQ1.151y, the Future Value of the account after t years is given by the formula: F(t) Ae , where r is the annual interest rate earned by the account. Let A $6, 000 and r 10%. A) What is the value of the account, in dollars, after 16 years? Give your answer rounded to two decimal places. Answer S 29700 B) What is the exact instantaneous rate of change of the value of the account at exactly 26 years? Give your answer rounded to two decimal places. Answer: 807783 X dollars per year C) At what time, in years, is the instantaneous rate of change of the value of the account increasing by $20,887.99 per year? If necessary, round your answer to two decimal places. Answer: After 35.50 years. D) What is the average rate of change of the future value of the account between year 16 and year 21 (i.e. slope of the secant tine connecting the points)? (Round to the nearest penny/cent.) X dollars per year. (Round to two decimal places.) Answer: 38557 Add Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Precalculus

Authors: J Douglas Faires, Charles H Gibson, James DeFranza

5th Edition

1133172547, 9781133172543

More Books

Students also viewed these Mathematics questions