SOLUTION: For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return is an exponential function of time. Using the formula,A= P (1+ r/n)^nt, let r = 10%, P = 1, an
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-> SOLUTION: For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return is an exponential function of time. Using the formula,A= P (1+ r/n)^nt, let r = 10%, P = 1, an
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Question 53305: For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return is an exponential function of time. Using the formula,A= P (1+ r/n)^nt, let r = 10%, P = 1, and n = 1 and give the coordinates (t, A) for the points where t = 0, 1, 2, 3, 4. Round the A value to the tenth's place. Answer by Nate(3500) (Show Source):
You can put this solution on YOUR website! A = P(1 + r/n)^(tn)
A = (1 + 0.1/1)^(t)
A = (1.1)^t
I think you can fill in the values with the aid of a calculater.
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