Consider the following exponential equation: FV = PV(1 + i)* 11. (where FV is the future value at time t, PV is the present value at time 0, and i is the interest rate) (a) show by taking logs that log FV can be plotted as a linear function (straight line) (b) what is the gradient of this linear function? (c) sketch the linear function, labelling the axes, and labelling any points where the function crosses an axis.
Consider the following exponential equation: FV = PV(1 + i)* 11. (where FV is the future value at time t, PV is the present value at time 0, and i is the interest rate) (a) show by taking logs that log FV can be plotted as a linear function (straight line) (b) what is the gradient of this linear function? (c) sketch the linear function, labelling the axes, and labelling any points where the function crosses an axis.
Chapter5: Exponential And Logarithmic Functions
Section5.5: Exponential And Logarithmic Models
Problem 30E: The table shows the mid-year populations (in millions) of five countries in 2015 and the projected...
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