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Compound Interest (Continuously)  Problem 4
Alissa Fong
Alissa Fong
MA, Stanford University
Teaching in the San Francisco Bay Area
Alissa is currently a teacher in the San Francisco Bay Area and Brightstorm users love her clear, concise explanations of tough concepts
As the number of times the interest rate is compounded approaches infinity, we get a new equation for compounded interest that is explained here. The base approaches the constant "e," which is approximately 2.72.... . In order to solve for different parameters in this equation, remember to write the interest rate as a decimal and be prepared to use natural logs to solve for a variable in the exponent.
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Alissa Fong
M.A. in Secondary Mathematics, Stanford University
B.S., Stanford University
Alissa has a quirky sense of humor and a relatable personality that make it easy for students to pay attention and understand the material. She has all the math tips and tricks students are looking for.
Your tutorials are good and you have a personality as well. I hope you have more advanced college level stuff, because I like the way you teach.”
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Sample Problems (8)
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