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Furthermore, hi, I'm having a hard time understanding how my math book developed the formula for continuous compound interest. Well first off what is continuous compound interest? I know what compound interest is but I don't understand what would be continues. Well here's how my book developed the formula... This aspect of Women039s Clothing Shoes Amp Accessories Nordstrom plays a vital role in practical applications.
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Furthermore, hi, I'm having a hard time understanding how my math book developed the formula for continuous compound interest. Well first off what is continuous compound interest? I know what compound interest is but I don't understand what would be continues. Well here's how my book developed the formula... This aspect of Women039s Clothing Shoes Amp Accessories Nordstrom plays a vital role in practical applications.
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On compound interest tables, I have seen just (1i) without the P used. In addition to being goofy, the second factorization is flat out wrong. (P P) n P (1 i) n . Perhaps working towards an understanding of the formula rather than blind symbolic manipulation would be better. time t 0 bank balance P time t 1 bank balance P i P P ... This aspect of Women039s Clothing Shoes Amp Accessories Nordstrom plays a vital role in practical applications.
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How on earth does the compound interest formula have anything to do with this? For the reason that compound interest's recursive For any given p , we have the outputs (amount) f (f (f (p))) . I believe fractals also utilize a recursive function. For simplicity, let's use f (p, n) p r n . We're continuously scaling p by r . This aspect of Women039s Clothing Shoes Amp Accessories Nordstrom plays a vital role in practical applications.
Furthermore, future value formula right? OP puts 15,000 in a C.O.D that paid a continuous compound interest rate. After 25 years the investment tripled. Use this information to find the interest rate that was given. Compound interest formula? Any problem with the words "sinking fund" means you use the future value formula right? This aspect of Women039s Clothing Shoes Amp Accessories Nordstrom plays a vital role in practical applications.
Moreover, amortization formula A P i (1 i) n (1 i) n 1 . . where A periodic payment P amount of loan i periodic interest rate n number of periods W!e are ... This aspect of Women039s Clothing Shoes Amp Accessories Nordstrom plays a vital role in practical applications.
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