(a) If $5,500 is invested at 1.35% interest, find the value (in dollars) of the investment at the end of 5 years if the
Posted: Mon Jul 11, 2022 11:02 am
- A If 5 500 Is Invested At 1 35 Interest Find The Value In Dollars Of The Investment At The End Of 5 Years If The 1 (216.93 KiB) Viewed 29 times
(a) If $5,500 is invested at 1.35% interest, find the value (in dollars) of the investment at the end of 5 years if the interest is compounded as follows. (Round your answers to the nearest cent.) (i) annually $ (ii) quarterly $ (iii) monthly $ (iv) weekly $ (v) daily $ dA dt (vi) continuously $ (b) If A(t) is the amount of the investment at time t for the case of continuous compounding, write a differential equation satisfied by A(t). (Let A represent A(t).) Find the initial condition satisfied by A(t). A(0) 4 =