Chapter 3: Problem 65
Write the exponential equation in logarithmic form. $$e^{x}=4$$
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Chapter 3: Problem 65
Write the exponential equation in logarithmic form. $$e^{x}=4$$
These are the key concepts you need to understand to accurately answer the question.
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Use a graphing utility to graph and solve the equation. Approximate the result to three decimal places. Verify your result algebraically. $$3-\ln x=0$$
A logistic curve is also called a ________ curve.
An exponential growth model has the form ________ and an exponential decay model has the form ________.
A $$\$ 120,000$$ home mortgage for 30 years at \(7 \frac{1}{2} \%\) has a monthly payment of $$\$ 839.06 .$$ Part of the monthly payment is paid toward the interest charge on the unpaid balance, and the remainder of the payment is used to reduce the principal. The amount that is paid toward the interest is \(u=M-\left(M-\frac{P r}{12}\right)\left(1+\frac{r}{12}\right)^{12 t}\) and the amount that is paid toward the reduction of the principal is \(v=\left(M-\frac{P r}{12}\right)\left(1+\frac{r}{12}\right)^{12 t}\) In these formulas, \(P\) is the size of the mortgage, \(r\) is the interest rate, \(M\) is the monthly payment, and \(t\) is the time (in years). (a) Use a graphing utility to graph each function in the same viewing window. (The viewing window should show all 30 years of mortgage payments.) (b) In the early years of the mortgage, is the larger part of the monthly payment paid toward the interest or the principal? Approximate the time when the monthly payment is evenly divided between interest and principal reduction. (c) Repeat parts (a) and (b) for a repayment period of 20 years \((M=\$ 966.71) .\) What can you conclude?
If $$\$ 1$$ is invested in an account over a 10-year period, the amount in the account, where \(t\) represents the time in years, is given by \(A=1+0.075 \llbracket t \rrbracket\) or \(A=e^{0.07 t}\) depending on whether the account pays simple interest at \(7 \frac{1}{2} \%\) or continuous compound interest at \(7 \%\). Graph each function on the same set of axes. Which grows at a higher rate? (Remember that \(\llbracket t \rrbracket\) is the greatest integer function discussed in Section 1.6.)
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