50. Future Value of an Investment Laura, the sole proprietor of Laura's Boutique, plans to invest R(t) = 10,000e-0.02t dollars/year into her savings account for 5 years, starting now. If the bank pays interest at the rate of 3%/year compounded continuously, how much will Laura have in her account at the end of the 5-year period?

Calculus: Early Transcendentals
8th Edition
ISBN:9781285741550
Author:James Stewart
Publisher:James Stewart
Chapter1: Functions And Models
Section: Chapter Questions
Problem 1RCC: (a) What is a function? What are its domain and range? (b) What is the graph of a function? (c) How...
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50. Future Value of an Investment Laura, the sole proprietor of Laura's Boutique, plans to
invest R(t) = 10,000e-0.02€ dollars/year into her savings account for 5 years, starting now. If the bank
pays interest at the rate of 3%/year compounded continuously, how much will Laura have in her
account at the end of the 5-year period?
Transcribed Image Text:50. Future Value of an Investment Laura, the sole proprietor of Laura's Boutique, plans to invest R(t) = 10,000e-0.02€ dollars/year into her savings account for 5 years, starting now. If the bank pays interest at the rate of 3%/year compounded continuously, how much will Laura have in her account at the end of the 5-year period?
45. Growth of HMOS The membership of the Cambridge Community Health Plan (a health
maintenance organization) is projected to grow at the rate of
9/t+I ln vt +1
thousand people/year, t years from now. If the HMO's current membership is 50,000, what will be
the membership 5 years from now?
Transcribed Image Text:45. Growth of HMOS The membership of the Cambridge Community Health Plan (a health maintenance organization) is projected to grow at the rate of 9/t+I ln vt +1 thousand people/year, t years from now. If the HMO's current membership is 50,000, what will be the membership 5 years from now?
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