Answer:
The exponential function to model the duck population is:
f(n)=415*(1.32)^n, where:
x is the duck population
n is the number of years
Step-by-step explanation:
In order to calculate the duck population you can use the formula to calculate future value:
FV=PV*(1+r)^n
FV=future value
PV=present value
r=rate
n=number of periods of time
In this case, the present value is the initial population of 415 and the rate is 32%. You can replace these values on the formula and the exponential function to model the duck population would be:
f(n)=415*(1+0.32)^n
f(n)=415*(1.32)^n, where:
x is the duck population
n is the number of years
Answer:
-3
Step-by-step explanation:
Answer:
$468.09
Step-by-step explanation:
first we must calculate the expected future value of the engine overhaul:
($390 x 10%) + ($570 x 30%) + ($750 x 50%) + ($790 x 10%) = $39 + $171 + $375 + $79 = $664
now we must determine the present value of $664 using a 6% interest rate:
PV = FV / (1 + r)⁶ = $664 / 1.06⁶ = $468.09
