Lupe Deposits a Sum of $5,000 into an Account That

question 29

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