jruiz67

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1000(1+(0.01*r)/12)^300 What is the rate of change of S with respect to r and what does it tell us if the interest rate is as follows? (Round your answers to

1000(1+(0.01*r)/12)^300 What is the rate of change of S with respect to r and what does it tell us if the interest rate is as follows? (Round your answers to two decimal places.) (a) 6%

jruiz67 Feb 5, 2017

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985

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If an IRA is a variable-rate investment for 25 years at rate r percent per year, compounded monthly, then the future value S that accumulates from an initial

If an IRA is a variable-rate investment for 25 years at rate r percent per year, compounded monthly, then the future value S that accumulates from an initial investment of $1000 is S = 1000 (1 + (0.01r)/12)^ 300 .

jruiz67 Feb 5, 2017