EXPONENTIAL FUNCTIONS | Evaluating (Page 5 of 5) |
Some compound interest problems require you to evaluate an exponential function. For example, let's compute and . Both expressions assume a principle of $450 at 3.5% interest over ten years. In the first expression interest is compounded quarterly, in the second it is compounded continuously. Notice the need for parentheses around the products in the exponent position. |
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