Congratulations! You were the 10th caller on the KMTH morning show and you just won $10,000. After you calm down, you decide to
put the money into a bank account so that you will have even more money for a trip to Europe. Snurling Bank tells you that they will pay 8% per year compounded monthly. How much money will you have for your trip in 9 years.
1 answer:
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Answer:
Analyzed and Sketched.
Step-by-step explanation:
We are given
To sketch the graph we need to find 2 components.
1) First derivative of y with respect to x to determine the interval where function increases and decreases.
2) Second derivative of y with respect to x to determine the interval where function is concave up and concave down.
is absolute maximum
is the point concavity changes from down to up.
Here, x = 0 is vertical asymptote and y = 0 is horizontal asymptote.
The graph is given in the attachment.
