2,500 principal earning 4% compounded quarterly after 4 years
1 answer:
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Hi there!
We are given the function -
and are told to find the limit of the function.
The limit would be n approaches infinity, giving us an answer of -1.
Here is how you solve this:
Divide by (n + 1)! -
Now, we can refine the function -
Now, just simplify. This gives us -
We can use the rule
to simplify the whole thing to get 1. Finally, we plug it back into our second derived equation to get 1/-1, which simplifies to -1. Therefore, the answer is -1. Hope this helped and have a great day!
We are given the function -
and are told to find the limit of the function.
The limit would be n approaches infinity, giving us an answer of -1.
Here is how you solve this:
Divide by (n + 1)! -
Now, we can refine the function -
Now, just simplify. This gives us -
We can use the rule