The value of the asset in 2012, 2014, and 2017 are 8119.72, 13933.55 and, 31321.23, respectively. A function assigns the values.
<h3>What is a Function?</h3>
A function assigns the value of each element of one set to the other specific element of another set.
Given the assets (in billions of dollars) for a financial firm can be approximated by the function
, where x=7 corresponds to the year 2007. Therefore, the assets value in the following years will be,
A.) 2012 - ![A(12)=318e^{0.27\times 12} = 8,119.72](https://tex.z-dn.net/?f=A%2812%29%3D318e%5E%7B0.27%5Ctimes%2012%7D%20%3D%208%2C119.72)
B.) 2014 - ![A(14)=318e^{0.27\times 14} = 13,933.5](https://tex.z-dn.net/?f=A%2814%29%3D318e%5E%7B0.27%5Ctimes%2014%7D%20%3D%2013%2C933.5)
C.) 2012 - ![A(17)=318e^{0.27\times 17} = 31,321.23](https://tex.z-dn.net/?f=A%2817%29%3D318e%5E%7B0.27%5Ctimes%2017%7D%20%3D%2031%2C321.23)
Hence, the value of the asset in 2012, 2014, and 2017 are 8119.72, 13933.55 and, 31321.23, respectively.
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