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Sagot :
Answer:
In 2020 the population will be 6,233.
Step-by-step explanation:
Giving the following information:
Present value (PV)= 5,600
Growth rate (g)= 1.8%
Number of periods= 6 years
To calculate the population in 2020, we need to use the following formula:
FV= PV*(1 + g)^n
FV= 5,600*(1.018^6)
FV= 6,232.67 = 6,233
In 2020 the population will be 6,233.
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