520 1) The logistic growth function f(t) = 1+16.30-0.24t describes the population of a species of butterflies t months after they are introduced to a non-threatening habitat. How many butterflies are expected in the habitat after 13 months? 2) Find out how long it takes a $4175 investment to double if it is invested at 3.25% compounded semiannually. Round to the nearest tenth of a year.
520 1) The logistic growth function f(t) = 1+16.30-0.24t describes the population of a species of butterflies t months after they are introduced to a non-threatening habitat. How many butterflies are expected in the habitat after 13 months? 2) Find out how long it takes a $4175 investment to double if it is invested at 3.25% compounded semiannually. Round to the nearest tenth of a year.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Transcribed Image Text:520
1) The logistic growth function f(t) =
1+16.3e-0.24t
describes the population of a species of butterflies t
months after they are introduced to a non-threatening habitat. How many butterflies are expected in the habitat
after 13 months?
2) Find out how long it takes a $4175 investment to double if it is invested at 3.25% compounded semiannually.
Round to the nearest tenth of a year.
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