The Pension Benefit Guaranty Corporation is the agency that

Last updated: 2/8/2023

The Pension Benefit Guaranty Corporation is the agency that insures pensions The figure shows one study s projection for the agency s total resources initially rising from taking over the assets of falling plans but then falling as more workers retire and payouts increase Total Resources 5 billions 50 40 9 20 10 2004 2008 2012 2016 2020 10 L Year a What kind of function might be used to model the agency s total resources constant function quadratic function linear function logistic function exponential function b If a function of the form f x ax bx c were used to model these total resources would f x have a 0 or a 07 Explain B0 because the graph opens Select B c If the model from part b used x as the number of years past 2004 explain why the model would have b 0 and c 0 b The vertex occurs after 2004 or when x 0 so 0 Hence with a 70 we must have b 9 Furthermore the value valntercon 2004