Chapter 5.2, Problem 30E

To determine

To graph: The function $y=100{\left[1+\left(\frac{0.05}{360}\right)\right]}^{360\cdot x}$ together with $y=100\cdot e^{0.05x}$ in the window $\left[0,64\right]$ by $\left[250,2500\right]$ on the same screen and determine how far apart they are from each other when $x=32$ and $x=64$. Also verify that the daily compounding is nearly the same as continuous compounding.