Question 83226: This problem is not in the book. I need help and I know its a lot but I'm lost and I need at least a passing grade. Any help would be apprecicated:
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 = 10%, 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 nearest tenth's place.
a) Show coordinates in this space
Show work in this space
b) Show graph here
Answer by checkley75(3666)   (Show Source):
You can put this solution on YOUR website! A=P(1+r/n)^nt
A=1(1+.10/1)^1*0
A=1(1.1)^0 (ANY TERM RAISED TO THE 0 POWER=1)
A=1*1
A=1 ANSWER.
A=1(1+.10/1)^1*1
A=1(1.1)^1
A=1.1 ANSWER
A=1(1+.10/1)^1*2
A=1(1.1)^2
A=1(1.2)
A=1.21 ANSWER.
A=1(1+.10/1)^1*3
A=1(1.1)^3
A=1(1.331)
A=1.3 ANSWER
A=1(1+.10/1)^1*4
A=1(1.1)^4
A=1(1.4641)
A=1.5 ANSWER.
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