You plan to invest in an account which pays 4.5% compounded continuously. If the investment period is for 9 years, then A(P) =Pe0.045•9=Pe0.405 gives the total balance of P dollars. a. Find a formula for A′(P) . b. Find and interpret A′(8000). c. Compare the approximation to the actual change.

You plan to invest in an account which pays 4.5% compounded continuously. If the investment period is for 9 years, then A(P) =Pe0.045•9=Pe0.405 gives the total balance of P dollars. a. Find a formula for A′(P) . b. Find and interpret A′(8000). c. Compare the approximation to the actual change.

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.3: The Natural Exponential Function

Problem 9E

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