Question

PLEASE HELP WITH THIS CALCULUS PROBLEM!



Suppose that you deposit $1.00 into an account that pays 100% annually.

a) How much will you have in the bank at the end of 1 year?

b) Suppose that the interest is compounded twice each year. How much will you have in the bank at the end of 1 year?

c) Calculate the amount in the bank at the end of 1 year with more compounding periods: 3, 4, 100.

d) What number does the amount in part c) seem to be approaching, as the number of compounding periods increases.

SHOW ALL WORK PLEASE!

Answer 1

hmm let see

Answer 2

Is it really calculus though?

Answer 3

yes

Answer 4

i was thinking the same thing

Answer 5

more like algebra ish o-0

Answer 6

this is my calculus hmwk

Answer 7

It's not. But break it down more. Which specific part do you have a question about?

Answer 8

im in algebra 2 and this is more on the algebra side than calc

Answer 9

Well, it's probably leading you up to some interesting calculus related point about the derivatives of exponential functions and the constant e