If an account has an APR of 100r% compounded continuously, its annual growth factor is . Based on your answer to part (a), the account's t-year growth factor must then be . Based on your answers to parts (a) and (b), what will be the account's value after t years if the initial investment is P dollars?$ Therefore, the function A that models the account's value after t years if interest is compounded continuously is (use the same parameter letters defined above):A(t)=

(a) If an account has an APR (Annual Percentage Rate) of 100r% compounded continuously, its annual…

Answered: If an account has an APR of 100r%…

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

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If an account has an APR of 100r% compounded continuously, its annual growth factor is .
Based on your answer to part (a), the account's t-year growth factor must then be .
Based on your answers to parts (a) and (b), what will be the account's value after t years if the initial investment is P dollars?

$
Therefore, the function A that models the account's value after t years if interest is compounded continuously is (use the same parameter letters defined above):

A(t)=

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