Concept explainers
If an initial amount A0 of money is invested at an interest rate r compounded n times a year, the value of the investment after t years is
If we let n →∞, we refer to the continuous compounding of interest. Use 1’Hospital’s Rule to show that if interest is compounded continuously, then the amount after t years is
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Chapter 4 Solutions
Single Variable Calculus: Early Transcendentals, Volume I
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