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10th Edition

Ron Larson

Publisher: Cengage Learning

ISBN: 9781305860919

Chapter 4.2, Problem 28E

Textbook Problem

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**Finding Present Value** In Exercises 31-34, complete the table to determine the amount of money *P* that should be invested at rate *r* to produce a final balance of $100,000 in *t* years.

See *Example 5.*

n |
1 | 2 | 4 | 12 | 365 | Continuous compounding |

A |

To determine

**To calculate:** The amount *A* for corresponding value of *n* that is, number of times compounded per year in the provided table when

**Given Information:**

The amount of

n |
Continuous compounding | |||||

A |

**Formula used:**

The formula to compute the balance amount after *t* years when interest is compounded *n* times per year is,

Where, *P* is the deposited amount, *A* is the amount after *t* years, *r* is the interest rate in decimals, *t* is the number of years and *n* is the number of times compounded per year.

The formula to compute the balance amount after *t* years when interest is compounded continuously is,

Where, *P* is the deposited amount, *A* is the amount after *t* years, *r* is the interest rate in decimals and *t* is the number of years.

**Calculation:**

Consider that the amount of

Here,

Simplify the rate as,

When

Substitute

Solve further as,

When

Substitute

Solve further as,

When

Substitute

Calculus: An Applied Approach (MindTap Course List)

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Chemistry The temperatures T (inF) at which water...Ch. 4.5 - Finding Relative Extrema In Exercises 65-68, find...Ch. 4.5 - Finding Relative Extrema In Exercises 65-68, find...Ch. 4.5 - Finding Relative Extrema In Exercises 65-68, find...Ch. 4.5 - Finding Relative Extrema In Exercises 65-68, find...Ch. 4.5 - Analyzing a Graph In Exercises 6972, analyze and...Ch. 4.5 - Analyzing a Graph In Exercises 6972, analyze and...Ch. 4.5 - Analyzing a Graph In Exercises 69-72, analyze and...Ch. 4.5 - Analyzing a Graph In Exercises 69-72, analyze and...Ch. 4.5 - Demand In Exercises 73 and 74, find dx/dp for the...Ch. 4.5 - Demand In Exercises 73 and 74, find dx/dp for the...Ch. 4.5 - Demand Solve the demand function in Exercise 73...Ch. 4.5 - Demand Solve the demand function in Exercise 74...Ch. 4.5 - Minimum Average Cost The cost of producing x units...Ch. 4.5 - Minimum Average Cost The cost of producing x units...Ch. 4.5 - Consumer Trends The numbers of employees E (in...Ch. 4.5 - HOW DO YOU SEE IT? The graph shows the temperature...Ch. 4.5 - Home Mortgage The term t (in years) of a $200,000...Ch. 4.5 - Earthquake Intensity On the Richter scale, the...Ch. 4.5 - Learning Theory Students in a learning theory...Ch. 4.6 - Checkpoint 1 Worked-out solution available at...Ch. 4.6 - Checkpoint 2 Worked-out solution available at...Ch. 4.6 - Checkpoint 3 Worked-out solution available at...Ch. 4.6 - Checkpoint 4 Worked-out solution available at...Ch. 4.6 - In Exercises 1-4, solve the equation for k....Ch. 4.6 - In Exercises 1-4, solve the equation for k....Ch. 4.6 - In Exercises 1-4, solve the equation for k....Ch. 4.6 - In Exercises 1-4, solve the equation for k....Ch. 4.6 - In Exercises 5-8, find the derivative of the...Ch. 4.6 - In Exercises 5-8, find the derivative of the...Ch. 4.6 - In Exercises 5-8, find the derivative of the...Ch. 4.6 - In Exercises 5-8, find the derivative of the...Ch. 4.6 - In Exercises 9-12, simplify the expression. eln4Ch. 4.6 - In Exercises 9-12, simplify the expression....Ch. 4.6 - In Exercises 9-12, simplify the expression....Ch. 4.6 - In Exercises 9-12, simplify the expression....Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Modeling Exponential Growth and Decay In Exercises...Ch. 4.6 - Determining Exponential Growth and Decay In...Ch. 4.6 - Determining Exponential Growth and Decay In...Ch. 4.6 - Determining Exponential Growth and Decay In...Ch. 4.6 - Determining Exponential Growth and Decay In...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Modeling Radioactive Decay In Exercises 11-16,...Ch. 4.6 - Radioactive Decay What percent of a present amount...Ch. 4.6 - Radioactive Decay Find the half-life of a...Ch. 4.6 - Carbon Dating Carbon-14 (14C) dating assumes that...Ch. 4.6 - Carbon Dating Repeat Exercise 19 for a piece of...Ch. 4.6 - Finding Exponential Models In Exercises 21 and 22,...Ch. 4.6 - Finding Exponential Models In Exercises 21 and 22,...Ch. 4.6 - Population Growth The number of a certain type of...Ch. 4.6 - HOW DO YOU SEE IT? The graph shows the populations...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Modeling Compound Interest In Exercises 25-32,...Ch. 4.6 - Finding Present Value In Exercises 33 and 34,...Ch. 4.6 - Finding Present Value In Exercises 33 and 34,...Ch. 4.6 - Effective Rate The effective rate of interest reff...Ch. 4.6 - Effective Rate Use the results of Exercise 35 to...Ch. 4.6 - Investment: Rule of 70 Verify that the time...Ch. 4.6 - Investment: Rule of 70 Use the Rule of 70 from...Ch. 4.6 - Depreciation A sports utility vehicle that costs...Ch. 4.6 - Population The table shows the populations P (in...Ch. 4.6 - Sales The cumulative sales S (in thousands of...Ch. 4.6 - Sales The cumulative sales S (in thousands of...Ch. 4.6 - Learning Curve The management of a factory finds...Ch. 4.6 - Learning Curve The management in Exercise 43...Ch. 4.6 - Revenue A small business assumes that the demand...Ch. 4.6 - Revenue Repeat Exercise 45 given that when...Ch. 4 - Applying Properties of Exponents In Exercises 1...Ch. 4 - Applying Properties of Exponents In Exercises 1...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Graphing Exponential Functions In Exercises 3-8,...Ch. 4 - Population Growth The resident populations P (in...Ch. 4 - Revenue The revenues R (in millions of dollars)...Ch. 4 - Property Value A piece of property sells for...Ch. 4 - Inflation Rate With an annual rate of inflation of...Ch. 4 - Applying Properties of Exponents In Exercises 13...Ch. 4 - Applying Properties of Exponents In Exercises 13...Ch. 4 - Graphing Natural Exponential Functions In...Ch. 4 - Graphing Natural Exponential Functions In...Ch. 4 - Graphing Natural Exponential Functions In...Ch. 4 - Graphing Natural Exponential Functions In...Ch. 4 - Finding Account Balances In Exercises 19-22,...Ch. 4 - Finding Account Balances In Exercises 19-22,...Ch. 4 - Finding Account Balances In Exercises 19-22,...Ch. 4 - Finding Account Balances In Exercises 19-22,...Ch. 4 - Comparing Account Balances In Exercises 23 and 24,...Ch. 4 - Comparing Account Balances In Exercises 23 and 24,...Ch. 4 - Effective Rate Find the effective rate of interest...Ch. 4 - Effective Rate Find the effective rate of interest...Ch. 4 - Present Value How much should be deposited in an...Ch. 4 - Present Value How much should be deposited in an...Ch. 4 - Demand The demand function for a product is...Ch. 4 - Demand The demand function for a product is...Ch. 4 - Profit The net profits P (in millions of dollars)...Ch. 4 - Population The populations P (in thousands) of...Ch. 4 - Biology A lake is stocked with 500 fish, and the...Ch. 4 - Medicine On a college campus of 5000 students, the...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Differentiating Exponential Functions In Exercises...Ch. 4 - Finding an Equation of a Tangent Line In Exercises...Ch. 4 - Finding an Equation of a Tangent Line In Exercises...Ch. 4 - Finding an Equation of a Tangent Line In Exercises...Ch. 4 - Finding an Equation of a Tangent Line In Exercises...Ch. 4 - Analyzing a Graph In Exercises 4548, analyze and...Ch. 4 - Analyzing a Graph In Exercises 4548, analyze and...Ch. 4 - Analyzing a Graph In Exercises 4548, analyze and...Ch. 4 - Analyzing a Graph In Exercises 4548, analyze and...Ch. 4 - Logarithmic and Exponential Forms of Equations In...Ch. 4 - Logarithmic and Exponential Forms of Equations In...Ch. 4 - Logarithmic and Exponential Forms of Equations In...Ch. 4 - Logarithmic and Exponential Forms of Equations In...Ch. 4 - Graphing Logarithmic Functions In Exercises 5356,...Ch. 4 - Graphing Logarithmic Functions In Exercises 5356,...Ch. 4 - Graphing Logarithmic Functions In Exercises 5356,...Ch. 4 - Graphing Logarithmic Functions In Exercises 5356,...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Expanding Logarithmic Expressions In Exercises...Ch. 4 - Condensing Logarithmic Expressions In Exercises...Ch. 4 - Condensing Logarithmic Expressions In Exercises...Ch. 4 - Condensing Logarithmic Expressions In Exercises...Ch. 4 - Condensing Logarithmic Expressions In Exercises...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Solving Exponential and Logarithmic Equations In...Ch. 4 - Compound Interest A deposit of $400 is made in an...Ch. 4 - Hourly Earnings The average hourly wages w (in...Ch. 4 - Learning Theory Students in a psychology...Ch. 4 - Demand The demand function for a product is given...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Differentiating Logarithmic Functions In Exercises...Ch. 4 - Evaluating Logarithms In Exercises 99-102,...Ch. 4 - Evaluating Logarithms In Exercises 99-102,...Ch. 4 - Evaluating Logarithms In Exercises 99-102,...Ch. 4 - Evaluating Logarithms In Exercises 99-102,...Ch. 4 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4 - Changing Bases to Evaluate Logarithms In Exercises...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Differentiating Functions of Other Bases In...Ch. 4 - Finding Relative Extrema In Exercises 113-116,...Ch. 4 - Finding Relative Extrema In Exercises 113-116,...Ch. 4 - Finding Relative Extrema In Exercises 113-116,...Ch. 4 - Finding Relative Extrema In Exercises 113-116,...Ch. 4 - Music The numbers of music albums downloaded D (in...Ch. 4 - Minimum Average Cost The cost of producing x units...Ch. 4 - Modeling Exponential Growth and Decay In Exercises...Ch. 4 - Modeling Exponential Growth and Decay In Exercises...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Radioactive Decay In Exercises 121-126,...Ch. 4 - Modeling Compound Interest In Exercises 127-130,...Ch. 4 - Modeling Compound Interest In Exercises 127-130,...Ch. 4 - Modeling Compound Interest In Exercises 127-130,...Ch. 4 - Modeling Compound Interest In Exercises 127-130,...Ch. 4 - Medical Science Soon after an injection, the...Ch. 4 - Population Growth The number of a certain type of...Ch. 4 - In Exercises 14, use the properties of exponents...Ch. 4 - In Exercises 14, use the properties of exponents...Ch. 4 - In Exercises 14, use the properties of exponents...Ch. 4 - In Exercises 14, use the properties of exponents...Ch. 4 - In Exercises 5-10, sketch the graph of the...Ch. 4 - In Exercises 5-10, sketch the graph of the...Ch. 4 - In Exercises 5-10, sketch the graph of the...Ch. 4 - In Exercises 5-10, sketch the graph of the...Ch. 4 - In Exercises 5-10, sketch the graph of the...Ch. 4 - In Exercises 5-10, sketch the graph of the...Ch. 4 - In Exercises 1113, use the properties of...Ch. 4 - In Exercises 1113, use the properties of...Ch. 4 - In Exercises 1113, use the properties of...Ch. 4 - In Exercises 1416, use the properties of...Ch. 4 - In Exercises 1416, use the properties of...Ch. 4 - In Exercises 1416, use the properties of...Ch. 4 - In Exercises 17-19, solve for x. ln3x=3.5Ch. 4 - In Exercises 17-19, solve for x. 10e2x+1=900Ch. 4 - In Exercises 17-19, solve for x. 50(1.06)x=1500Ch. 4 - A deposit of $500 is made in an account that earns...Ch. 4 - In Exercises 21-26, find the derivative of the...Ch. 4 - In Exercises 21-26, find the derivative of the...Ch. 4 - In Exercises 21-26, find the derivative of the...Ch. 4 - In Exercises 21-26, find the derivative of the...Ch. 4 - In Exercises 21-26, find the derivative of the...Ch. 4 - In Exercises 21-26, find the derivative of the...Ch. 4 - The sales S (in billions of dollars) of organic...Ch. 4 - What percent of a present amount of radioactive...Ch. 4 - A population is growing continuously at the rate...

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