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Session 8 In-Class Exercise Solutions

Session 8 In-Class Exercise Solutions

Q 1.a. Graph the function: f(x) = 2x-1 + 11.b. Graph the function: f(x) = ex - 23. Find the accumulated value of an investment of $1200 if it is invested for 6 years an interest rate of 6% and the money is compounded continuously.4. Evaluate log27 9.5. Evaluate 6log 6 15.

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2.Number of compounding periods per year: 12 (n = 12) = 8500 1 + 4.25% 12 ,-(/) ? = 8500 1.0035 /3 ? = 8500 (1.1358) ? = $9653.70 3.A = P e rt A = (1200) e0.06(6) Note: e ? 2.718 A = (1200) (2.718)0.06(6) A = 1719.93 4.log27 9 = x 9 = 27x 32 = 33x 2 = 3x x = 2/3