Problem 1: Find an exponential function of the form f(x)=ba^x+c with y-intercept 2, horizontal asymptote y=-2, that passes through the point P(1,4). & Problem 2: If a piece of real estate purchased for $75,000 in 1998 appreciates at the rate of 6% per year, then its value t years after the purchase will be f(t)=75,000(1.06^t). According to this model, by how much will the value of this piece of property increase between the years 2005 and 2008. & Problem 3: The amount A in an account after t years of an initial principle P invested at an annual rate r compounded continuously is given by A=Pe^rt where r is expressed as a decimal. What is the amount in the account if $500 is invested for 10 years at the annual rate of 5% compounded continuously?
2006-11-22
12:22:41
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5 answers
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asked by
Anonymous
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Science & Mathematics
➔ Mathematics