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Mathematics, 09.06.2021 04:40 davidoj13

A saving account, S, has an initial value of 50$. The account grows at a 2% interest rate compounded n timers per year, t, according to the function below S(t) = 50( 1 + .02/n)^nt

Use the following sentence starter to describe this scenario: As the value of n increases, the amount of interest per year ( increases or decreases) because.


A saving account, S, has an initial value of 50$. The account grows at a 2% interest rate compounde

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A saving account, S, has an initial value of 50$. The account grows at a 2% interest rate compounded...
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