In the YouTube video, "The Most Important Video You Will Ever See", Professor Al Bartlett from the University of Colorado at Boulder states that he believes the biggest shortcoming of the human race is our inability to understand the exponential function? In finance, we use the exponential function dailyin the formula: FV $=$ PV$(1+$R$)$t$.$ If the PV is $$1,900,$ R is $11\%$ and t $=4\mathrm{.}5$ years, what is the FV$?[$Answer: Round to whole dollar with no $ symbol; e$.$g$.$ $$1,234\mathrm{.}25=1234]$In the same video as that noted in the question above, the Professor talks about the man who invented the game of chess requesting payment in grains of wheat. All he wanted was to have the number of grains of wheat doubled on each square of the chess board. Thus there would be l grain of wheat on the first square, $2$ grains on the second square, $4$ grains on the third square and so on$.$ Based on this, how many grains of wheat would there be on the $13$th square?

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1 Calculating Future Value FV using the formula FV PV1 Rt Given PV 1900 ... View the full answer