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Question 3 When interest is compounded continuously, the following equation repre- sents the growth of your savings: P Poe In this equation, P = current
Question 3 When interest is compounded continuously, the following equation repre- sents the growth of your savings: P Poe" In this equation, P = current balance Po initial balance r growth constant, expressed as a decimal fraction t time invested. Determine the amount in your account at the end of each year if you invest $1000 at 8% (0.08) for 30 years. (Make a table.) Create a figure with four subplots. Plot time on the eaxis and current balance Pon the yaxis (a) In the first quadrant, plot versus Pin a rectangular coordinate system. (b) In the second quadrant, plot Iversus P scaling the waxis logarithmically. (c) In the third quadrant, plot Iversus P scaling the yaxis logarithmically (d) In the fourth quadrant, plot f versus P scaling both axes logarithmically. Which of the four plotting techniques do you think displays the data best
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