The future value that accrues when 500 is invested at 5, Ask an Expert

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The future value that accrues when $500 is invested at 5%, compounded continuously, is S(t) = 500e^0.05t where t is the number of years. (Round your answers to the nearest cent.)

(a) At what rate is the money in this account growing when t = 4? $ per year

(b) At what rate is it growing when t = 10? $ per year.

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Financial Management, Finance

Category:- Financial Management
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