How many local minimum solutions are there on this graph of a function Mark their locations on the graph.
Definitions:
Compounded Annually
A method of calculating interest in which the interest is added to the principal at the end of each year, then new interest is calculated on the total for the next period.
Present Value
The now-value of a prospective sum of money or cash flow sequence, according to a certain rate of return.
Rate of Return
The financial outcome, either positive or negative, of an investment within a set period, delineated as a proportion of the investment’s initial outlay.
Interest Rate
The percentage charged on a loan or paid on deposits over a period of time, often annually.
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