The formula for the amount A in a savings account compounded n times per year for t years at an interest rate r and an initial deposit of P is given by Use LHpitals Rule to show that the limiting formula as the number of compoundings per year approaches infinity is given by A Pe rt nt A P(1 2) n...

A P1 lim n00 In A4 In P at h1 in P ln nt In n In 1 n ...

The formula for the amount A in a savings account compounded n times per year for t

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The formula for the amount A in a savings account compounded n times per year for t years at an interest rate r and an initial deposit of P is given by

Use L’Hôpital’s Rule to show that the limiting formula as the number of compoundings per year approaches infinity is given by A = Pe^rt.

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Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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Question Posted: Mar 10, 2023 02:03 AM

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The formula for the amount A in a savings account compounded n times per year for t

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nt A = P(1 + 2)". n

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Calculus

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