... countries at that date?Exercises50 2 468051015 20 25 Year (n)V(n)Figure 1.1: Exponential Growth01 2 051015 20 25 Year (n)ln[V(n)]Figure 1 .2: Log of Exp GrowthThe two ln($130) ... be: (2) = (1) + (1) = (1 + ) +(1+ ) =(1+ ) 2 Similarly, after years, the value will be:( )=(1+ )(1 .2) Of course, this formula works only an integral numbers of years. For non-integral num-bers, ... two years.$135= 2 ($100 ) so:= [ln($135 ) ln($100 )](0 5) 0 1500 523 0 = 15 1500 523 0%Economists generally prefer to use continuous compounding, for two reasons. First, un-der continuous compounding,...