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11 Jun 2020
Compound Interest 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’'Hopital’'s Rule to show that the limiting formula as the number of compoundings per year approaches infinity is given by .
Compound Interest 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’'Hopital’'s Rule to show that the limiting formula as the number of compoundings per year approaches infinity is given by .
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Joram GuingguingLv10
20 Sep 2020