Concept explainers
An amount of money P is invested in an account where interest is compounded at the end of the period. The future worth F yielded at an interest rate i after n periods may be determined from the following formula:
Write a program that will calculate the future worth of an investment for each year from 1 through n. The input to the function should include the initial investment P, the interest rate i (as a decimal), and the number of years n for which the future worth is to be calculated. The output should consist of a table with headings and columns for n and F. Run the program for
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- Use a graphing calculator to solve each problem. In Example 4, suppose that a birth control program changed the formula for poulation growth to Pt=1000e0.01t. How long will the food supply be adequate? EXAMPLE 4 Using a Graphing Calculator to Solve a popuiation Problem Suppose that a country with a population of 1000 people is growing exponentially according to the population function Pt=1000e0.02t Where t in years. Furthermore, assume that the food supply, measured in adequate food per day per person, is growing linearly according to the function fx=30.625x+2000 In how many years will the population outstrip the food supply?arrow_forwardThe function f(x)=5x is an exponential function with base______; f(2) =_______, f(0) =______, f(2) =_______, and f(6) =_______.arrow_forward
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