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  3. suppose that 20000 is invested in a savings account for...

Question: suppose that 20000 is invested in a savings account for...

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Suppose that $20,000 is invested in a savings account for which interest is dP dt compounded continuously at 4.3% per year. That is, the balance P grows at a rate 0.043P a) Give the exponential growth model for P() b) What is the balance after 1 year? c) When will the initial investment double itself?

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