I understand that the velocity and acceleration are found by the first and second derivatives of the position vector respectively. Also that the magnitude of the velocity is speed, given by ||v(t)||.
What I am getting confused with is how exactly to clarify the velocity and acceleration for any time t>0.
If asked to show the magnitudes of the velocity and acceleration also, how would I go about showing a magnitude for t>0 and not at a point such as t=3?
As you say, the velocity is the derivative with respect to time of the position vector, which gives you a vector in terms of $t$. The speed at any time $t$ is the magnitude of this vector, again as a function of $t$. Differentiating velocity gives you acceleration as a function of $t$, again as a vector.