Identify a reciprocal function

Assignment Help Algebra
Reference no: EM131019093

1. Identify an exponential function. Give an example of this function related to the business environment.

Assignment Notes

Discussion Question 1: If we look at the formula to calculate the dollar amount of a $1 we put into savings today, we see that it is fv = pv*((1+i)n). The variables are fv = future value, pv = present value, i = interest rate per period, and n = number of periods. In the formula, n is an exponent. What does the exponent in this case tell us we need to do mathematically to the (1 + i) segment of the formula? Select a different interest rate (i) than your classmates who have already answered this question, as well as a different number of periods (n). How much money would you have at the end if you invested $1 today (pv)?

2. Identify a reciprocal function. Give an example of this function in the business environment.

Assignment Notes

Discussion Question 2: While it is fun to look at what $1 today will be in 20 years, in business we are more often concerned with the question, "If I receive $100 in 5 years, what is that worth today?" We can find that answer by modifying the formula from DQ 1 and using the reciprocal. Simply put, the reciprocal of a number is 1 divided by the number. The reciprocal of 10 is 1/10. In the formula above, we divide both sides by ((1+i)n). This creates a new formula where the fv is multiplied by the reciprocal of the original: fv*(1/((1+i)n))=pv. Using the same interest rate and number of periods above, what would the value of $100 in the future be today?

Reference no: EM131019093

Questions Cloud

How many firms will be in industry in long-run equilibrium : Assuming the beer industry is perfectly competitive, what output would be produced by the firm in long-run equilibrium? What would be the long-run equilibrium price? How many firms will be in the industry in long-run equilibrium
Billy''s bagels bakes fresh bagels : Billy's Bagels bakes fresh bagels each morning. The daily demand for bagels follows a normal distribution with mean 15 and standard deviation 5. The bagels cost Billy's 8 cents to make and they are sold for 35 cents each. Bagels unsold at the end of ..
Why is the study of the history of rock relevant to you : As we have studied the development of rock and roll, we have not only examined musical styles and trends, but also how they correspond with developments in social, political, and fashion areas as well.
Calculate the net present value of the project : Calculate the net present value of the project.
Identify a reciprocal function : Identify a reciprocal function. Give an example of this function in the business environment. If we look at the formula to calculate the dollar amount of a $1 we put into savings today.
How would you apply the social learning theory : Discuss this atrocity (the event) in relation to the structure-function framework of the family?
The probability of an individual acting in a particular way : According to "expectancy theory", the probability of an individual acting in a particular way depends on I.     The personality of the individual and the likelihood it will change. II.     The company and its potential to be moving in the right dir..
Not true with regard to functional authority : Which of the following is not true with regard to functional authority? (a)  Functional authority is the authority staff members have over line members within the   limits of their functions (b)  Functional authority has the same effect as line autho..
Describe three specific ways to combat this nutrition issue : Describe three specific ways to combat this nutrition issue that involve collaboration among school, family, and community (e.g., parent education, school breakfast, and lunch programs, etc.).

Reviews

Write a Review

Algebra Questions & Answers

  Solve the linear model

Select five values for x to plug into the linear function, P(x)=10x-7 and prepare a table of values

  Identify the sample and suggest a population

Identify the sample and suggest a population

  Evaluate the ratios

Evaluate the ratios and check are the ratios equivalent.

  Define variables and profit function

Define variables and profit function

  Make a linear equation

Assume you have a lemonade stand, & when you charge $1 per cup of lemonade you sell 50 cups. But when you raise your price to $2 you only sell 25 cups. Make an equation for the number of cups you sell as a function of the price you charge. Denote "C"..

  Classify linear and non linear functions

For each of the relationships given below, describe whether you think it is best explained by a linear function or a non-linear function.

  Which of the following are functions

Which of the following are functions?  The two problems, i.e., 1 & 3, are multi part relations consider all parts when determining whether or not these relations are functions. Explain your reason for 1, 2, & 3.

  Using venn diagram for solving word problems

Using venn diagram for solving word problems.

  Joint probability density function

The joint probability density function.

  Applications of combination

Applications of combination

  Solving problems using venn diagram

Solving problems using venn diagram.

  Solving problems into equation

Solving problems into equation.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd