Rounded to the nearest month, how long will it take a towns population to: a. Grow from

Question:

Rounded to the nearest month, how long will it take a town’s population to:
a. Grow from 32,500 to 40,000 if the annual growth rate is 3%?
b. Shrink from 40,000 to32,500 if the annual rate of decline is3%?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

See More Books

Question Posted: Jan 20, 2016 07:32 AM

See More Questions

Rounded to the nearest month, how long will it take an investment to double if it earns: a. 8.4% compounded annually? b. 10.5% compounded semiannually?
Rounded to the nearest month, how long will it take an investment to triple if it earns: a. 9% compounded annually? b. 8% compounded quarterly?
Rounded to the nearest month, how long before a scheduled payment of $10,000 would a payment of $5000 be an economically equivalent alternative? Assume money is worth 5% compounded annually.
On August 31, 2014, Nina Herrera borrowed $5,000 from Second State Bank. Herrera signed a note payable, promising to pay the bank principal plus interest on August 31, 2015. The interest rate on the...
In what period and in what manner should profits relating to the intercompany sale of merchandise be recognized in the consolidated financial statements?
Spam Corp. is financed entirely by common stock and has a beta of 1.63. The firm is expected to generate a level, perpetual stream of earnings and dividends. The stock has a price-earnings ratio of...
Describe the function of each branch of government.
The owner of an Italian restaurant has just been notified by her landlord that the monthly lease on the building in which the restaurant operates will increase by 20 percent at the beginning of the...
We have a B field pointing into OR out of the page. An proton is fired into the region with initial speed of 5 m/s directly to the right. The height of the opening is 10 cm. We want the proton to hit...
Arabica Manufacturing Company uses a predetermined manufacturing overhead rate based on a percentage of direct labor cost. At the beginning of 2012, they estimated total manufacturing overhead costs...
A few years ago Avtar invested $6000 in a compound-interest GIC that earned 4.5% compounded semiannually. He recently received the maturity value of $7168.99. What was the term of the GIC?
The amount owed on a promissory note for $950 after two years and five months is $1165.79. What monthly compounded nominal rate of interest was charged on the debt?
During 2015, Gary earned $57,000 as an executive. Gary, who is single, supported his half sister, who lives in a nursing home. Gary received the following interest: $400 on City of Los Angeles bonds,...
Can I return from a void function by using return? If so, which return value should I use?
Which Java methods are available for me to use?
How does Java store floating-point numbers internally?
Why is the image-processing data type named Picture instead of Image?
What do the expressions 1 / 0 and 1 % 0 evaluate to in Java?
Show that the function satisfies Laplace's equation z/x + z/y = 0. z = e x sin y
For the following exercises, find the inverse of the function and graph both the function and its inverse. f(x) = 4 x 2 , x 0
What are the three principal forms of business organization? What are the advantages and disadvantages of each?
What are the three primary determinants of a firms cash flow?
What are financial intermediaries, and what economic functions do they perform?
Consider a Carnot heat engine placed between a finite thermal energy source and an infinite thermal energy sink. Since the temperature of the thermal source is constantly changing, then so must the...
A complex pair of eigenvalues are shown on the s-plane below. For this pair of eigenvalues, Wn ? W = ? damping ratio = ? time constant = ? X 2 -1 0 X -2 If r(t) is a step with magnitude 10, Use...
F m J, r Motor k = k T b R www C

Rounded to the nearest month, how long will it take a towns population to: a. Grow from

Question:

Step by Step Answer:

a Given PV 32500 FV 40000 j 3 m 1 Each compounding peri...View the full answer

Business Mathematics In Canada

Students also viewed these Accounting questions