If $100 Is Invested at a Rate of 5% Compounded

question 9

Essay

If $100 is invested at a rate of 5% compounded continuously,the amount in the account is given by:
If the same principal is invested at an account earning 5% compounded semiannually,the amount is given by:
Consider the difference in these two investments by graphing both functions on your graphing calculator and looking at the years 5 through 7.(Use the window
×
.)What do you notice about the two graphs?

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Definitions:

Introverts

Individuals who prefer solitary activities and get drained by social engagement, contrast to extraverts.

Subjective Well-Being

An individual's self-assessment of their emotions and satisfaction with life, encompassing both emotional reactions and cognitive judgments.

Inequality

The state of not being equal, especially in status, rights, and opportunities.

Culture

The sum of social behaviors, beliefs, practices, and material traits of a social group or society, often passed down from generation to generation.