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 = Pert.

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Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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