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We can use a much more simplified formula to calculate CONTINUOUS compound interest. Instead of every year, every hour, or every second, when we calculate interest every single instance, or continuously, we use this formula: Find the e button on your calculator and enter your answer to e below. A = P(e)t Submit ||

We can use a much more simplified formula to calculate CONTINUOUS compound interest. Instead of every year, every hour, or every second, when we calculate interest every single instance, or continuously, we use this formula: Find the e button on your calculator and enter your answer to e below. A = P(e)t Submit ||

Calculus: Early Transcendentals
Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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17 We can use a much more simplified formula to calculate CONTINUOUS compound interest. Find the e button on your calculator and enter your Instead of every year, every hour, or every second, when we calculate interest every single instance, or continuously, we use this formula: answer to e' below. A = P(e)t Submit acer
Transcribed Image Text:17 We can use a much more simplified formula to calculate CONTINUOUS compound interest. Find the e button on your calculator and enter your Instead of every year, every hour, or every second, when we calculate interest every single instance, or continuously, we use this formula: answer to e' below. A = P(e)t Submit acer
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