Answer:
n=601
Step-by-step explanation:
Formula used:

Solution:

Where,

As there is no previous estimate for p
Then, p=0.5
Here on using the table

Also,
E=0.04
p=0.5
Thus,
n=600.2279407
On approximating the value,
n=601
Answer:
$3098.93
Step-by-step explanation:
We can use the formula for compound growth to solve this. The formula is:

Where
F is the future value (the value at end of 14 years, our answer)
P is the initial amount invested ($1250)
r is the interest rate, in decimal (6.7% is 0.067)
t is the time in years (14, in our case)
<em>Plugging in all the information</em> we have:

The account will accrue $3098.93 after 14 years.
Answer:

Step-by-step explanation:
Given:

1.

2.

3.

4.

5.

6.

7.

8.

Given function:

The minimum value of the function can be found by setting the first derivative of the function to zero.


Solving for x:


Substituting the value of x into the original function:

Hence, the minimum value in the given range is (-1, -0.368)