3)
A=B(l+r/n)
"
Gives
the
value
ofB
dollarg
compounded
n times
a
year,
at
an
interest
rate
of
f/o (decimal),
over
t
years.
a) Find
the
valus
of
$50,000
at
an interest
rate
of
3.5%
compounded
semi-annually,
for
5 years.
(nearest
dollar)
b)
Find
the
value
of
the
sarne
amount
with
the
same
interest
rate
over
5
years
if
compounded
continuously.
(nearest
dollar)
4)
what
annual percent
grouith
rate
is
equivalent
to
a continuous
percent
growth
rate
of9%o? (nearest
tenth
ofa percent)
5)
what
continuous
percent
grou/th
rate
is
equivalent
to
an
annual
percent
growth
rate
of 7.SYo?
(nearest
tenth
of
a
percent)
6)
The
cost
of
producing
x
number
ofitems
is gven
by
C(x):3,
645
+5.7ge.02,
Dollars.
Find
the
rate
of
change
in
cost
when
rr50
(r*o
d;"iriJ
praces)
