Hi! I have a midterm on Monday which will be based on homework, and there is ONE problem that I am having difficulty answering.
Use the following equation: * <= * means greater than or equal to
e^(1/(n+1)) <= 1 + 1/n <= e^(1/n)
to prove that for n>0,
(1 + 1/n)^n <= e <= (1 + 1/n)^(n+1)
This is part of the section in my calculus book called "Compound Interest and Present Value"