Chapter 4: Q22. (page 352)
Logarithmic Form Express the equation in logarithmic form.
(a) (b)
Short Answer
- Logarithmic form of is .
- Logarithmic form of is .
Chapter 4: Q22. (page 352)
Logarithmic Form Express the equation in logarithmic form.
(a) (b)
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Get started for freeDISCUSS. DISCOVER: Growth of an Exponential Function
Suppose you are offered a job that lasts one month, and you are to be very well paid. Which of the following methods of payment is more profitable for you?
(a) One million dollars at the end of the month.
(b) Two cents on the first day of the month, 4 cents on the second day, 8 cents on the third day, and, in general, cents on the nth day.
Annual Percentage Yield Find the annual percentage yield for an investment that earns 8% per year, compounded monthly.
Present Value The present value of a sum of money is the amount that must be invested now, at a given rate of interest, to produce the desired sum at a later date.
Find the present value of $10,000 if interest is paid at a rate of 9% per year, compounded semiannually, for 3 years.
Logarithmic Form Express the equation in logarithmic form.
(a) (b)
Compound Interest If $600 is invested at an interest rate of 2.5% per year, find the amount of the investment at the end of 10 years for the following compounding methods.
(a) Annually
(b) Semiannually
(c) Quarterly
(d) Continuously
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