Please help! Ill fan and medal! The principal P 0 is invested in an account that pays an annual interest rate r (written as a decimal), compounded n times per year. 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=Po(1+r/n)^n

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Please help! Ill fan and medal! The principal P 0 is invested in an account that pays an annual interest rate r (written as a decimal), compounded n times per year. 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=Po(1+r/n)^n

Mathematics
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sorry
Well,first, do you know what the r stands for? What does the n stand for?
@Setsuna-Yuregeshi n is the numbr of times it is compounded and r is the annual interest rate

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So p^r +n =1r

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