College Algebra (6th Edition)

Published by Pearson
ISBN 10: 0-32178-228-3
ISBN 13: 978-0-32178-228-1

Chapter 4 - Exponential and Logarithmic Functions - Exercise Set 4.1 - Page 454: 87

Answer

False

Work Step by Step

False As the number of compounding periods increases on a fixed investment, the amount of money in the account over a fixed interval of time will increase, but not without bound. Therefore, the statement that the money will increase without bounds is a false statement.
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