Problem
1. If the number of a protected species of animal in a reserve increased continually from 600 in 1992 to 1,450 in 2002, what was the annual growth rate?
2. Over a 12-month period what continuous growth rate is equivalent to a discrete growth rate of 6%?
3. What discrete annual growth rate is equivalent to a continuous growth rate of 6% persisting over 12 months?
4. What interest rate would you prefer to be used to add interest to your savings: 8% applied on a continuous basis or 9% applied once a year?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.