1. Assume initial population of 2700, rate of growth of 6%, and time interval of 15 years. The formula to be used is also called continuous growth formula . The future value is: FV=PV×ert PV=2700, r=0.06, t=15 FV=2700×e0.06×15=6640 2. For time intervals 30 and 45: PV=2700, r=0.06, t=30, 45 FV=2700×e0.06×30=16334 FV=2700×e0.06×45=40175 3. For growth rates 8% and 10%: PV=2700, r=0.08, t=15,30, 45 FV=2700×e0.08×15=8964 FV=2700×e0.08×30=29763 FV=2700×e0.08×45=98815 PV=2700, r=0.10, t=15,30, 45 FV=2700×e0.10×15=12100 FV=2700×e0.10×30=54230 FV=2700×e0.10×45=243050
The results from calculations are similar to the results coming from the Excel file.
4. The graphs are not straight ...
