Determine Whether the Statement Is True or False

question 23

True/False

Determine whether the statement is true or false. If it is true, explain why it is true. If it is false, give an example to show why it is false. then f must have a critical point at (a, b).

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Definitions:

Lump Sum

A large single payment of money instead of a series of smaller payments or installments.

Annual Payments

Regular payments made once a year, often associated with loans, annuities, or other financial agreements.

Interest Rate

It's the rate, in the form of a percentage of the principal, charged by lenders to borrowers for asset usage.

Compounded Monthly

Interest calculation method where the interest amount is added to the principal sum so that the next interest calculation includes interest upon interest.