4.5-5 2004 Population(millions)48 2Projected Growth Rate, k0.0104Complete the table shown to the right for the population growth model for a certain country.Projected 2035 Population (millions)The projected 2035 population is million.(Round to one decimal place as needed.)urns

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Answered: 2004 Population(millions) 48 2…

Intermediate Algebra

10th Edition

ISBN:9781285195728

Author:Jerome E. Kaufmann, Karen L. Schwitters

Publisher:Jerome E. Kaufmann, Karen L. Schwitters

Chapter11: Exponential And Logarithmic Functions

Section11.S: Summary

Problem 13S

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Changing UnitsA certain quantity has a yearly decay factor of 0.99.What is its century decay factor?
Depreciation Once a new car is driven away from the dealer, it begins to lose value. Each year, a car loses 10% of its value. This means that each year the value of a car is 90% of the previous year’s value. If a new car was purchased for $20,000, the value at the end of the first year would be $20000(0.90) and the value of the car after the end of the second year would be $20000(0.90)2. Complete the table shown below. What will be the value of the car at the end of the eighth year? Simplify the expression, to show the value in dollars.
Your Childs Education You want to begin making regular deposits to finance your childs college education 18 years 216 months in the future. You are able to invest 200 at the end of each month, and you judge that 100, 000 will be needed. That is, you want the future value F of the investment to be 100, 000. Whether you can attain that goal depends on interest rates. If the monthaly interest rate is r as a decimal, then the future value of the investment is given by F=200r1+r216-1 dollars. a. Plot the graph of F along with the target value of 100, 000. Use a horizontal span of 0 to 0.01. b. Fina the monthly rate r that will yield the dsired future value of 100, 000. Round your answer as a percentage to one decimal place. c. What is your total investment in your childs education?
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2004 Population(millions) 48 2 Projected 2035 Population (millions) Projected Growth Rate, k 0.0104 Complete the table shown to the right for the population growth model for a certain country