SOLUTION: In 2006 the population of mexico was 107.4 million. If Mexico's population continues to grow at an annual rate of 1.43%, then the population in 2008 will be (1.0143) to the power 1

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Question 341206: In 2006 the population of mexico was 107.4 million. If Mexico's population continues to grow at an annual rate of 1.43%, then the population in 2008 will be (1.0143) to the power 14 million.
a) Find the predicted population in 2020 to the nearest tenth of a million people.

I have had lots of trouble with one because I do not remember the formula
Answer by rfer(16322) About Me  (Show Source):
You can put this solution on YOUR website!
FP=107.4(1.0143)^2
FP=107.4*1.0288
FP=110.5 million
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FP=107.4(1.0143)^14
FP=107.4*1.219916
FP=131.02 million
I think it is ti the power of 14 years not 14 million.