Verify that daily compounding is nearly the same as continuous compounding by graphing y = 100[1 +
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Verify that daily compounding is nearly the same as continuous compounding by graphing y = 100[1 + (.05/360)]360x, together with y = 100e0.05x in the window [0, 64] by [250, 2500]. The two graphs should appear the same on the screen. Approximately how far apart are they when x = 32? When x = 64?
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Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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