Write the Function in the Form

question 14

Short Answer

Write the function in the form . Round a to 3 decimal places.

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Definitions:

Rule of 70

A formula used to estimate the number of years required for an investment or population to double, given a fixed annual growth rate.

Interest Rate

The sum charged by a lender, as a fraction of the principal, for the privilege of accessing assets by a borrower.

Present Value

The current worth of a future sum of money or stream of cash flows given a specified rate of return.

Interest Rate

The cost of borrowing money, expressed as a percentage of the total amount loaned, or the rate of return on investments.