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Mathematics 4 Online
OpenStudy (anonymous):

help! the question says consider a certificate of deposit that pays 10% (annual percentage rate) on an initial deposit of $500. the balance, A, after 10 years is A(x)=500(1+0.1)^(10/x), x is greater than or equal to zero, and less than or equal to one, where x is the length of the compounding period (in years). use an appropriate table of values to estimate the limit of A as x approaches 0+. what do you think this limit represents? explain your reasoning. i already estimated the limit, i just need to know what the limit represents.

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