Complete the table to determine the effect of the number of compounding periods when computing interest. Suppose that $12,000 is invested at 3.6% interest for 20 yr under the following compounding options. Round answers in the second column to the nearest whole number. Round answers in the last column to the nearest cent. Compounding Option n Value Result X 5 (a) Annually n = (b) Quarterly n = (c) Monthly n = (d) Daily n = 365 (e) Continuously Not ApplicableThe population of a country in 2010 was approximately 31 million with an annual growth rate of 0.809%. At this rate, the population P (t) (in millions) can be approximated by P (t) = 31 (1.00809)', where t is the time in years since 2010. Part 1 of 4 (a) Is the graph of P an increasing or decreasing exponential function? The graph of P is an increasing exponential function. Part 2 of 4 (b) Evaluate P (0) and interpret its meaning in the context of this problem. P(0) = 31 This indicates that the country's population was approximately 31 million in the year 2010 Part: 2 / 4 Part 3 of 4 (c) Evaluate P (6) and interpret its meaning in the context of this problem. Round the population value to the nearest million. P (6) = X 5 This indicates that the country's population was approximately million in the year