Calculus (3rd Edition)

Published by W. H. Freeman
ISBN 10: 1464125260
ISBN 13: 978-1-46412-526-3

Chapter 7 - Exponential Functions - 7.5 Compound Interest and Present Value - Exercises - Page 356: 23

Answer

$ e^6$

Work Step by Step

We have $$\lim _{n \rightarrow \infty}\left(1+\frac{1}{n}\right)^{6n}=\left(\lim _{n \rightarrow \infty}\left(1+\frac{1}{n}\right)^{n}\right)^6=e^6,$$ where we used the formula $\lim _{n \rightarrow \infty}\left(1+\frac{1}{n}\right)^{n}=e $.
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