Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A=P(1+(r)/(n))^(nt) Suppose you invest $4500 in an account earning 5.8% interest compounded monthly. a. What will your investment be worth in 25 years? (3) b.

image text in transcribedA=P(1+(r)/(n))^(nt) Suppose you invest $4500 in an account earning 5.8% interest compounded monthly. a. What will your investment be worth in 25 years? (3) b. In how many years will your investment be worth $10000 ? (3) Often environmentalists will capture an endangered species and transport the species to a controlled environment where the species can produce offspring and regenerate its population. Suppose that six American Bald Eagles are captured and transported to Montana and set free. The following table indicates the population of American Bald Eagles after t years. Years (t) 0 5 10 15 20 25 30 35 40 45 Population (P) 6 13 30 60 117 204 304 388 443 473 e. Given that the Bald Eagle

A=P(1+nr)nt 10. Suppose you invest $4500 in an account earning 5.8% interest compounded monthly. a. What will your investment be worth in 25 years? (3) b. In how many years will your investment be worth $10000 ? (3) 11. Often environmentalists will capture an endangered species and transport the species to a controlled environment where the species can produce offspring and regenerate its population. Suppose that six American Bald Eagles are captured and transported to Montana and set free. The following table indicates the population of American Bald Eagles after t years. e. Given that the Bald Eagle population will stabilize within seventy-five years, which model (linear, quadratic, exponential, logarithmic, or logistic) would best fit the data? Explain. (3) f. How many years would it take for the Bald Eagle population to reach 275? (3) g. What is the maximum Bald Eagle population expected? (3) A=P(1+nr)nt 10. Suppose you invest $4500 in an account earning 5.8% interest compounded monthly. a. What will your investment be worth in 25 years? (3) b. In how many years will your investment be worth $10000 ? (3) 11. Often environmentalists will capture an endangered species and transport the species to a controlled environment where the species can produce offspring and regenerate its population. Suppose that six American Bald Eagles are captured and transported to Montana and set free. The following table indicates the population of American Bald Eagles after t years. e. Given that the Bald Eagle population will stabilize within seventy-five years, which model (linear, quadratic, exponential, logarithmic, or logistic) would best fit the data? Explain. (3) f. How many years would it take for the Bald Eagle population to reach 275? (3) g. What is the maximum Bald Eagle population expected? (3)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions