+8 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%
+37084 I will assume "S" is the future value
this equation demonstrates compounding 12 times per year and 300/12 = 25 years with initial deposit of $1000
at 6%
1000(1+.06/12)^300 = $ 4464.97
