If $1,100 is invested at an annual interest rate compounded monthly, the amount in the account at the end of 3 years is

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899603
Joined: Mon Aug 02, 2021 8:13 am

If $1,100 is invested at an annual interest rate compounded monthly, the amount in the account at the end of 3 years is

Post by answerhappygod »

If $1,100 is invested at an annual interest rate compoundedmonthly, the amount in the account at the end of 3 years is givenby:
A=1100(1+1/12r)^36
Find the rate of change of quantity A with respect to rate r forthe following values ​​of r: r=3
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”