For a fixed rate, a fixed principal amount, and a fixed compounding cycle, the return is an exponential function of time.
Using the formula
A=P(1 + r/n)^(nt),
let r=8%, P=1, and n=1, and give the coordinates (t,A) for the points where t=0, 1, 2, 3, 4.
Round your answer to the 100th place.
How do you graph this? I am confused.© SolutionLibrary Inc. solutionlibary.com 9836dcf9d7 https://solutionlibrary.com/math/algebra/for-a-fixed-rate-a-fixed-principal-amount-and-a-fixed-compounding-cycle-the-return-is-an-exponential-function-of-time-3e50