The initial value (K) is given as 6, the rate of increase (r) as 0.12, and the time period (t) as 2 intervals.
The formula to calculate the future value is \(f(t) = K(1 + r)^t\).
Substituting the given values into the formula gives us \(f(2) = 6(1 + 0.12)^2\).
Calculating the future value gives us \(f(2) = 7.5\).
The initial value (K) is given as 6, the rate of increase (r) as 0.12, and the time period (t) as 6 intervals.
The formula to calculate the future value is \(f(t) = K(1 + r)^t\).
Substituting the given values into the formula gives us \(f(6) = 6(1 + 0.12)^6\).
Calculating the future value gives us \(f(6) = 11.8\).
The initial value (K) is given as 6, the rate of increase (r) as 0.12, and the time period (t) as 9 intervals.
The formula to calculate the future value is \(f(t) = K(1 + r)^t\).
Substituting the given values into the formula gives us \(f(9) = 6(1 + 0.12)^9\).
Calculating the future value gives us \(f(9) = 16.6\).
The initial value (K) is given as 6, the rate of increase (r) as 0.12, and the time period (t) as 12 intervals.
The formula to calculate the future value is \(f(t) = K(1 + r)^t\).
Substituting the given values into the formula gives us \(f(12) = 6(1 + 0.12)^12\).
Calculating the future value gives us \(f(12) = 23.4\).