If $2,400 is invested at an interest rate r, compounded quarterly, in 3 years it will grow to an amount, A, given byA(r)=2400(1+(r/4))^12(a)Find dA/dr =(b)Find what the interest rate must be in order for the investment to be increasing at a rate of $8,340 per every one unit change in the interest rate. Express your answer as a decimal and do not round your answer.
This question was answered on: May 23, 2022
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