Give an Example of a Function That Is Defined on a Closed

question 86

Essay

Give an example of a function that is defined on a closed interval but which does not have an absolute maximum on the interval. Does the existence of this function contradict the Extreme Value Theorem? Why or why not?

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Definitions:

Net 30 Credit Policy

A common trade credit that allows buyers 30 days to pay the invoice in full after receiving goods or services.

Monthly Interest Rate

The percentage of interest that is charged or earned on an investment or loan on a monthly basis.

Default Rate

The rate at which borrowers fail to make required payments on their loans or credit obligations.

Monthly Interest Rate

The percentage of interest calculated on a monthly basis typically used in loans and financial products.