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Solve the problem.
-The population of a country is modeled by the function where is the population (in millions) years after January 1, 2000. Use the model to predict the year during which year the population will reach 30 million if this trend continues.
Sell At Premium
Occurs when a financial instrument, such as a bond, is sold for a price higher than its face value.
Effective Interest Rate
The rate at which invested capital grows over a period, taking into consideration the effect of compounding.
Amortizing
The process of gradually writing off the initial cost of an asset over a period, especially in the context of loan repayments or in spreading the cost of intangible assets.
Preferred Method
A favored or recommended approach or technique selected among various alternatives for its effectiveness or efficiency.
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