Reaching goals: What's involved? (Year 10)
Compound interest--example of exponential growth. Interest paid not only on the initial deposit, but also on previously-earned interest. E.g. $1,000 deposited today at 5% is worth $1,000 (1.05)x after x years. $1,000 is the intercept (value of y today, when x = 0) 1.05 is … ................
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