Mathematics, 05.08.2021 21:20 rocky8875

NEED some HElp please Explain why the amount of money in the account at the end of the first year is given by the formula with n as the exponent:

P = P∨0 (1 + r/n)^n

NEED some HElp please

Explain why the amount of money in the account at the end of the first year

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NEED some HElp please Explain why the amount of money in the account at the end of the first year is given by the formula with n as the exponent: P = P∨0 (1 + r/n)^n

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Another question on Mathematics

NEED some HElp please Explain why the amount of money in the account at the end of the first year is given by the formula with n as the exponent:

P = P∨0 (1 + r/n)^n