Determine whether the statement makes sense or does not make sense, and explain your reasoning : "I use the natural base e when determining how much money I’d have in a bank account that earns compound interestsubject to continuous compounding."

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.6: Other Types Of Equations
Problem 9ECP: You deposit $2500 in a long-term investment in which the interest is compounded monthly. After 5...
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Determine whether the statement makes sense or does not make sense, and explain your reasoning : "I use the natural base e when determining how much money I’d have in a bank account that earns compound interest
subject to continuous compounding."

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