Answered

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You deposit $2000 in an account with an annual interest rate of r (in decimal form) compounded monthly. At the end of 5 years, the
balance A is
A
= 2000(1+(r/m))^60
Find the rates of change of A with respect to r when r= 0.06, r=0.08, and r= 0.10. (Round your answer to two decimal places.
(a) r = 0.06
(b) r = 0.08
(c) r = 0.10

Sagot :

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