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Solve the Problem P(t)=15.9e0.01462tP ( t ) = 15.9 e ^ { 0.01462 t }

question 175

Multiple Choice

Solve the problem.
-The population of a country is modeled by the function P(t) =15.9e0.01462tP ( t ) = 15.9 e ^ { 0.01462 t } where P(t) P ( t ) is the population (in millions) tt 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.


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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.

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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.

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