Use the numbers from the original example: $1,000 invested at a 2% interest rate compounded n times per year. Compare the change in P as n increases. Fill in the table. Use a calculator and write the values to 5 decimal places.
n
1.) 1 (once per year)
2.) 4 (every 3 months)
3.) 12 (every month)
4.) 52 (every week)
5.) 365 (every day)

P=Po(1+ r/n) is the equation used
[o=0 placed at the bottom of the P]
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