Multiple Choice
Lupe deposits a sum of $5,000 into an account that pays interest at the rate of r/year compounded monthly.Her investment at the end of 10 yr is given by . Approximately how much more would Lupe's account be worth at the end of the term if her account paid 9.1%/year instead of 9%/year? 9.2%/year instead of 9%/year? 9.3%/year instead of 9%/year?
(Hint: Use the differential of A to answer this questions.)
A) $122.66, $243.31, $367.97
B) $121.66, $263.31, $364.97
C) $111.66, $263.31, $394.97
D) $122.66, $241.31, $367.97
E) $121.66, $243.31, $364.97
Correct Answer:

Verified
Correct Answer:
Verified
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