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9 August, 04:57

You deposit $8,000 in an account that is compounded quarterly at an annual rate of r (in decimal form). a = 8,0001 + r460 what is the limit of a as the interest rate approaches 8%? (round your answer to two decimal places. if an answer does not exist, enter dne.)

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  1. 9 August, 08:52
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    The limit would be 8036.8.
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