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NEED some HElp please Explain why the amount of money in the account at the end of the first year is given by the formula with n as the exponent: P = P∨0 (1 + r/n)^n

NEED some HElp please Explain why the amount of money in the account at the end of the first year is given by the formula with n as the exponent: P = P∨0 (1 + r/n)^n
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NEED some HElp please

Explain why the amount of money in the account at the end of the first year is given by the formula with n as the exponent:

P = P∨0 (1 + r/n)^n

NEED some HElp please Explain why the amount of money in the account at the end of-example-1
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User Peiska
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NEED some HElp please Explain why the amount of money in the account at the end of-example-1
NEED some HElp please Explain why the amount of money in the account at the end of-example-2
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User SSemashko
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