Present Value, Compounding Interest and Values of Functions
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Present Value:
Find the present value of $45,000 if interest is 3.6% compounded monthly for 1 year.
Concept Check
If f(x) = a^x and f(3) = 27, find each value of f(x).
a. f(1)
b. f(-1)
c) f(2)
d) f(0)
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Solution Summary
This solution shows the simple calculations and answers for the two concept questions being asked.
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