OpenStax, Algebra and Trigonometry 2e §6.1 Exponential Functions · Exercise 66 · Algebra · Exponentials & logarithms
Exponential Functions · Exercise 66
Repeat the previous exercise to find the formula for the APY of an account that compounds daily. Use the results from this and the previous exercise to develop a function for the APY of any account that compounds times per year.
This exercise builds on another exercise in its source book, which isn't shown here.
OpenStax, Algebra and Trigonometry 2e · §6.1 Exponential Functions · Exercise 66
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