6. Exponential & Logarithmic Functions
Introduction to Exponential Functions
3:49 minutes
Problem 55a
Textbook Question
Textbook QuestionUse the compound interest formulas A = P (1+ r/n)^nt and A =Pe^rt to solve exercises 53-56. Round answers to the nearest cent. Suppose that you have $12,000 to invest. Which investment yields the greater return over 3 years: 0.96% compounded monthly or 0.95% compounded continuously?
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