I remember you asked similar questions to this before. Did you at least try to do these?Originally Posted by shirel
i need some help...
compare saving plans: for instance, you deposit $1000 in a savings account and the following options are given:
a. 6.2% annual interest rate, compounded annually
b. 6.1% annual interest rate, compounded quarterly
c. 6.0% annual interest rate, compounded continuously
1) Use a graphing utility to graph all three functions in the same viewing window. Can you find a viewing window that distinguishes among the graphs of the three functions? If so, describe the viewing window.
>how to put that in the calculater?(ti-84 plus)
>is there a window which shows that?
2) The effective yield of a savings plan is the percent increase in the balance after 1 year. Find the effective yields for three options listed above. How can the effective yield be used to decide which option is best?