Question 58061: for a fixed rate, fixed principal amount, fixed compunding cycle the return is an expomential function of time. Using formula A=P(1+r/n) nt
let R=8%
P=1
n=1
give the cordinates (+,A) for the points where +=0,1,2,3,4 round the A value to the tenth place.
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! for a fixed rate, fixed principal amount, fixed compunding cycle the return is an expomential function of time. Using formula A=P(1+r/n)^nt
let R=8%
P=1
n=1
give the cordinates (+,A) for the points where +=0,1,2,3,4 round the A value to the tenth place.
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I'll do it for +=3 and let you do the others.
A=P(1+r/n)^nt
A=1(1+0.08/1)^(1*3)
A=1(1.08)^3
A=$1.259712
Cheers,
Stan H.
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