Explore a diverse range of topics and get expert answers on IDNLearn.com. Get timely and accurate answers to your questions from our dedicated community of experts who are here to help you.
Answer:
Future Value= 18,478 people
Step-by-step explanation:
eGiving the following information:
Present value (PV)= 10,173
Growth rate (g)= 0.089 every 10 years
Number of periods (n)= 7
To calculate the population in 2020, we need to use the following formula:
FV= PV*(1 + g)^n
FV= 10,173*(1.089^7)
FV= 18,478 people