6. If the polulation of Malibu at the start of 2000 was 4 million and its annual growth rate is 0.25%. What will be its poulation at the end of 2025 if the growth rate was maintained? b. How long will it take Malibu's population reach a figure of 4.5 million if the growth rate remains to the same?

6. If the polulation of Malibu at the start of 2000 was 4 million and its annual growth rate is 0.25%. What will be its poulation at the end of 2025 if the growth rate was maintained? b. How long will it take Malibu's population reach a figure of 4.5 million if the growth rate remains to the same?

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter19: Economic Development

Section: Chapter Questions

Problem 1.1P

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Question

Good night,

please answer questions in image.

thanks in advance.

6.
If the polulation of Malibu at the start of 2000 was 4 million and its annual growth
rate is 0.25%.
а.
What will be its poulation at the end of 2025 if the growth rate was maintained?
b. How long will it take Malibu's population reach a figure of 4.5 million if the growth
rate remains to the same?
7.
If Diana makes an initial deposit of $500,000 into an investment fund, which offers an annual
interest rate of 8%, compounded continuously. What would be her account balance in 6 years time?

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