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Provide an Appropriate Response f(x)=200(1+0.06/4)x−10.06/4f ( x ) = 200 \frac { ( 1 + 0.06 / 4 ) ^ { x } - 1 } { 0.06 / 4 }

Question 92

Short Answer

Provide an appropriate response.
-The function f(x)=200(1+0.06/4)x−10.06/4f ( x ) = 200 \frac { ( 1 + 0.06 / 4 ) ^ { x } - 1 } { 0.06 / 4 } describes the future value of a certain annuity. What is the annual interest rate?

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