FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The population of the world in 1987 was 5 billion and the growth rate was estimated at 2 percent per year. Assume that the population

The population of the world in 1987 was 5 billion and the growth rate was estimated at 2 percent per year. Assume that the population follows an exponential growth model of the formA=A0(1+r)t. Find the projected world population in 1994. Give your answer in terms of billions of people.

Your answer is ______________billion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Technical Analysis The Complete Resource For Financial Market Technicians

Technical Analysis The Complete Resource For Financial Market Technicians

Authors: Charles Kirkpatrick, Julie Dahlquist

3rd Edition

0134137043, 978-0134137049

More Books

Students also viewed these Finance questions

Question

★★★★★
The classical probability distribution function for a particle in a box of length L is given by P(x) = 1/L. Use this to find (x) and (x2)for a classical particle in such a box.

Answered: 1 week ago

Question

★★★★★
This case consists of a letter from Dennis R. Beresford, chairperson of the Financial Accounting Standards Board, to Senator Joseph I. Lieberman. The specific issue was proposed legislation relating...

Answered: 1 week ago

Question

★★★★★
Let X1, X2,... be independent positive continuous random variables with a common density function f , and suppose this sequence is independent of N, a Poisson random variable with mean . Define N(t)...

Answered: 1 week ago

Question

★★★★★
In 2014, Carver Electronics Co. began selling a new computer that carried a two-year warranty against defects. Based on the manufacturer's recommendations, Carver projects estimated warranty costs...

Answered: 1 week ago

Question

★★★★★
2. Your child is about to enter college a year from now. A local foundation provides scholarships (essentially interest-free loans) each year perpetually for students. Your child has won the...

Answered: 1 week ago

Question

★★★★★
Businesses in the United States are governed by laws that provide rights to all citizens regardless of their race, color, religion, gender or country of origin. The U.S. Constitution established...

Answered: 1 week ago

Question

★★★★★
21. Data: S0 = 100; X = 110; 1 + r = 1.1. The two possibilities for ST are 150 and 80. Calculate the value of a call option on the stock with an exercise price of 110. (Do not use continuous...

Answered: 1 week ago

Question

★★★★★
Car expenses using logbook and expense data Rory derives business income from a retail cosmetics store. On 1 October 2023, Rory bought a Mercedes for $38,340. Its effective life is eight years. Rory...

Answered: 1 week ago

Question

★★★★★
An analyst for Bloom Ltd, gathered the following information with regards to futures contract: Current spot-market price of R60 Risk-free interest rate of 8.87% per annum The six-month future...

Answered: 1 week ago

Question

★★★★★
Case 2: Maria Sosa is selling a 2015 Nissan Verson SV to Juan Rodriguez for RD$400,000.00 pesos. Juan Rodriguez tells her that he will pay Mrs. Sosa in cash. Analyze the case and then answer: Can Mr....

Answered: 1 week ago

Question

★★★★★
It is estimated that 28% of all adults in the United States invest in stocks and that 83% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also...

Answered: 1 week ago

Question

★★★★★
Fairchild Garden Supply expects $600 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of...

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts:

Answered: 1 week ago

Question

★★★★★
1. To gain knowledge about the way information is stored in memory.

Answered: 1 week ago

Question

★★★★★
5. Which metaphors do you mainly use when talking about organizations and companies? What do these metaphors express about an organization or a company? Are there other metaphors that may be more...

Answered: 1 week ago

Previous Question Next Question