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I like that figure you made! Though shouldn't the whole 1/n fraction be red and not just the numerator?
by shaggyfrog 9y ago
I like that figure you made! Though shouldn't the whole 1/n fraction be red and not just the numerator?
- kalid 9y agoThanks! So, the red 1 represents the 100% interest we intend to earn; the pink n in the denominator represents the compounding pieces we divide it into. For example, an approximation of e would be (1 + .01)^100, where the 100% interest had been chopped into 100 separate segments of 1%.