Step-by-step Error Analysis - Section 0.5: Exponents and Power Functions

1. Identify each error, step-by-step, that is made in the following attempt to solve the problem. I am NOTasking you for the correct solution to the problem.Do not just say the final answer is wrong. Go step by step from the beginning. Describe what was done incorrectly (if anything) from one step to the next. Explain what the student did incorrectly and what should have been done instead; not just that an error was made. After an error has been made, the next step should be judged based on what is written in the previous step (not on what should have been written). Some steps may not have an error.

1. Reply to 2 other student's responses in your group.Confirm the errors the other student identified correctly, add any errors the student did not identify, and explain any errors the student listed that you disagree with. You must comment on each step.

The Problem: A corporation issues a bond costing $600 and paying interest compounded quarterly.After 5 years the bond is worth $800.What is the annual interest rate as a percent rounded to 1 decimal place?

A partially incorrect attempt to solve the problem is below: (Read Example 8, page 38 of the textbook for a similar problem with a correct solution.)

Steps to analyze:

1.