A small company is trying to decide whether or not to upgrade its website. The upgrade costs 5,000, but will bring in a continuous stream of $500 dollars of extra income per year. If the company would invest this extra income in an account with a continuously compounding interest rate of 3% for ten years, should the company upgrade the website?
A small company is trying to decide whether or not to upgrade its website. The upgrade costs 5,000, but will bring in a continuous stream of $500 dollars of extra income per year. If the company would invest this extra income in an account with a continuously compounding interest rate of 3% for ten years, should the company upgrade the website?
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 57SE: Karl has two years to save $10000 to buy a used car when he graduates. To the nearest dollar, what...
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A small company is trying to decide whether or not to upgrade its website. The upgrade costs 5,000, but will bring in a continuous stream of $500 dollars of extra income per year. If the company would invest this extra income in an account with a continuously compounding interest rate of 3% for ten years, should the company upgrade the website?
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