Consider a deposit of $100 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) r =3% (b) r = 5% (c) r = 6%
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Consider a deposit of $100 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) r =3% (b) r = 5% (c) r = 6%
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