Find the rate of growth of the future value

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Reference no: EM131798525

Question: Compound interest

(a) In Problem, find the rate of growth of the future value after 2 years.

(b) How much faster is the future value growing at the end of 2 years than after 1 year?

Problem: Compound interest if the future value of $1000 invested for n years at 12%, compounded continuously, is given by

S = 1000e0.12n dollars

find the rate at which the future value is growing after 1 year.

Reference no: EM131798525

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