SOLUTION: I cant figure this out. Please help. 4) For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return is an exponential function of time. Using the form

Question 67630: I cant figure this out. Please help.
4) For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return is an exponential function of time. Using the formula, , let r = 8%, P = 1, and n = 1 and give the coordinates (t,A) for the points where t = 0, 1, 2, 3, 4. Round your answer to the hundredth's place.
a) Show coordinates in this space.

b) Show graph here.

Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return is an exponential function of time.
A = P(1+r/n)^(nt) is the exponential formula for determining the value
of an investment (P) that is growing at a compounded rate.
-------------------
Using the formula, , let r = 8%, P = 1, and n = 1 and give the coordinates (t,A) for the points where t = 0, 1, 2, 3, 4. Round your answer to the hundredth's place.
A(t)=1(1+0.08/1)^(1*t)= (1.08)^t
A(0)= =1
A(1) =1.08
A(2)= 1.08^2=1.17
A(3)=1.26
A(4)=1.36
================
a) Show coordinates in this space.
(0,1), (1,1.08), (2,1.17), (3,1.26), (4,1.36)
--------------------
Cheers,
Stan H.

RELATED QUESTIONS
Please help me solve this: For a fixed rate, a fixed principal amount and a fixed... (answered by jim_thompson5910,stanbon)

I need to find the coordinates and graph, can someone please help?��. For a fixed rate, a (answered by algebrapro18)

Questions: For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the (answered by venugopalramana)

4) For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return... (answered by Nate)

For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return is... (answered by Nate)

This problem is not in the book. I need help and I know its a lot but I'm lost and I... (answered by checkley75)

4) For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return (answered by stanbon)

4) For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return (answered by funmath)

For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return is... (answered by Nate)