Compare the ending balances a for the three rates

Reference no: EM13961599

Consider a deposit of $116 placed in an account for 20 years at r% compounded continuously. Use a graphing utility to graph the exponential functions describing the growth of the investment over the 20 years for the following interest rates. Compare the ending balances A for the three rates. (Round your answers to two decimal places.)

(a) r=3% A=$___

(b) r=5% A=$___

Reference no: EM13961599

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