Consider investing $100 at various interest rates compounded annually. (a) Complete the following table for...
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Consider investing $100 at various interest rates compounded annually. (a) Complete the following table for the amount A in the account after 10 years. The values of A should be computed via an Excel formula. r A 0.01 0.015 0.02 0.025 0.03 0.035 0.04 0.045 0.05 0.055 0.06 (b) Create a scatter plot of the above data. (c) Include in the plot the Least Squares Regression Line and the value of R2. (d) Use the regression line (creating a formula in Excel) to estimate the value of A when r is 3%. (e) Evaluate (in Excel) the difference between the estimate and the original (exact) value.
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