This document discusses exponential functions and their properties. It explores exponential growth and decay through graphs of functions like y=2^x and y=0.5^x. It shows that as x increases, exponential growth functions approach infinity, while decay functions approach zero. The document also introduces the irrational number e as the most important base for modeling continuous growth and decay. It shows how the function A=Ce^rt models continuous compound interest as the compounding period approaches infinity.