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Use the numbers from the original example: $1,000 invested at a 2% interest rate compounded n times per year. Compare the change inP as n increases. Fill in the table. Use a calculator and write the values to 5 decimal places. - Po(1+ ;)"| P = 1 (once per year) |4 (every 3 months) 12 (every month) 52 (every week) 365 (every day)

Use the numbers from the original example: $1,000 invested at a 2% interest rate compounded n times per year. Compare the change inP as n increases. Fill in the table. Use a calculator and write the values to 5 decimal places. - Po(1+ ;)"| P = 1 (once per year) |4 (every 3 months) 12 (every month) 52 (every week) 365 (every day)

Algebra and Trigonometry (6th Edition)
Algebra and Trigonometry (6th Edition)
6th Edition
ISBN:9780134463216
Author:Robert F. Blitzer
Publisher:Robert F. Blitzer
ChapterP: Prerequisites: Fundamental Concepts Of Algebra
Section: Chapter Questions
Problem 1MCCP: In Exercises 1-25, simplify the given expression or perform the indicated operation (and simplify,...
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please round each of the answers to the fifth decimal 

Use the numbers from the original example: $1,000 invested at a 2% interest rate compounded n times per year. Compare the change inP as n increases. Fill in the table. Use a calculator and write the values to 5 decimal places. Po (1+ 5)" r n P 1 (once per year) 4 (every 3 months) 12 (every month) 52 (every week) 365 (every day)
Transcribed Image Text:Use the numbers from the original example: $1,000 invested at a 2% interest rate compounded n times per year. Compare the change inP as n increases. Fill in the table. Use a calculator and write the values to 5 decimal places. Po (1+ 5)" r n P 1 (once per year) 4 (every 3 months) 12 (every month) 52 (every week) 365 (every day)
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