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(Solution) - Write down a limit that expresses the amount of money

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Write down a limit that expresses the amount of money you would get from a bank that compounded continuously, and try to guess the answer.
The procedure banks use to compute continuously compounded interest is similar to the process we used to derive a differential equation. Suppose several banks claim to be giving 5% annual interest and that you have $1000 to deposit.

 







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This question was answered on: Jul 11, 2017

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