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 P0 1 rnn class=