Question: 1.The exponential function f (x) = 47.83 x (1.027)* describes the population of a certain country, in millions, x years after 1980. Find the country's

1.The exponential function f (x) = 47.83 x (1.027)* describes the population of a certain country, in millions, x years after 1980. Find the country's population in the year 2014 as predicted by this function.

2.A young person wants to have $1,000,000 when they retire. How much must they put aside each month for 45 years at 5.3% interest compounded monthly to reach their financial goal? How much of that money is interest?

3.A loan of $2,040 has been made at 7.5% simple interest for four months.

a) What is the interest on the loan?

b) Find the loan's future value.

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