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3.2 notes

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Garrett Joseph, Section 3.2, 3/12
Objective 1:
Two types of exponential functions: Growth and Decay
Objective 2: n/a
Objective 3: simple interest = Prt,
p= principle
r= interest rate
t= time in years
compound interest = P(1+r/n)^nt
n= # of times the interest is compounded per year
A = pe^rt = future value of account after t years of continuous compounding
Objective 4: n/a
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