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Exercise 5.4.5: Show X n e = lim + n Hint: Take the logarithm. Note: The expression (1 + ) arises in compound interest calculations.

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Exercise 5.4.5: Show X n e = lim + n Hint: Take the logarithm. Note: The expression (1 + )" arises in compound interest calculations. It is the amount of money in a bank account after 1 year if I dollar was deposited initially at interest x and the interest was compounded n times during the year. The exponential e is the result of continuous compounding

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