The formula for the amount A in a savings account compoun ded n times per year for t years at an interest rate r and an initial deposit of P is given by A = P (1+)" rnt Sh ow that the limiting formula as the number of compoundings per year approach es infinityis given by A = Pe.
The formula for the amount A in a savings account compoun ded n times per year for t years at an interest rate r and an initial deposit of P is given by A = P (1+)" rnt Sh ow that the limiting formula as the number of compoundings per year approach es infinityis given by A = Pe.
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 60SE: The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is...
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