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Find the instantaneous rate of change in the amount in the account at the time the amount is equal to $12,572. Round to the nearest cent. per year.

Find the instantaneous rate of change in the amount in the account at the time the amount is equal to $12,572. Round to the nearest cent. per year.

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously.
Transcribed Image Text:An investment of $10,000 earns interest at an annual rate of 6.7% compounded continuously.
Use the Continuous Compound Interest II information above to answer this question. Find the instantaneous rate of change in the amount in the account at the time the amount is equal to $12,572. Round to the nearest cent. $ per year.
Transcribed Image Text:Use the Continuous Compound Interest II information above to answer this question. Find the instantaneous rate of change in the amount in the account at the time the amount is equal to $12,572. Round to the nearest cent. $ per year.
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