Question
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 hundredth's place.
Show coordinates and please explain the work. How would I show the graph?
Your y-axis would be the A (amount) or x-axis would be the t(time). Create a table of values using the formula and the given t's. Plot them on your graph. Make sure that you use an equivalent scale for each of the axis.
Show coordinates and please explain the work. How would I show the graph?
Your y-axis would be the A (amount) or x-axis would be the t(time). Create a table of values using the formula and the given t's. Plot them on your graph. Make sure that you use an equivalent scale for each of the axis.
Answers
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