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ad owns a company. However, his business is not going well. He projects that his continuous income stream S(t) will steadily decrease and in four years, his company will no longer generate any revenue for him, as indicated on the following graph: S(t) (thousand $/year) + 50 40 30 20 10- t (years) 4 5 6 hately, an investor is willing to buy his company. If Conrad's bank account has an interest rate of 3% per year, compounded continuously, what is the lowest price that Conrad should accept to sell his company for? Round your answer to 2 decimal places. -- --

ad owns a company. However, his business is not going well. He projects that his continuous income stream S(t) will steadily decrease and in four years, his company will no longer generate any revenue for him, as indicated on the following graph: S(t) (thousand $/year) + 50 40 30 20 10- t (years) 4 5 6 hately, an investor is willing to buy his company. If Conrad's bank account has an interest rate of 3% per year, compounded continuously, what is the lowest price that Conrad should accept to sell his company for? Round your answer to 2 decimal places. -- --

Calculus: Early Transcendentals
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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Conrad owns a company. However, his business is not going well. He projects that his continuous income stream S(t) will steadily decrease and in four years, his company will no longer generate any revenue for him, as indicated on the following graph: S(t) (thousand $/year) + 50 40 30 20 10 t (years) 6 3 4 Fortunately, an investor is willing to buy his company. If Conrad's bank account has an interest rate of 3% per year, compounded continuously, what is the lowest price that Conrad should accept to sell his company for? Round your answer to 2 decimal places. The lowest price that Conrad should accept is 70953.63 $.
Transcribed Image Text:Conrad owns a company. However, his business is not going well. He projects that his continuous income stream S(t) will steadily decrease and in four years, his company will no longer generate any revenue for him, as indicated on the following graph: S(t) (thousand $/year) + 50 40 30 20 10 t (years) 6 3 4 Fortunately, an investor is willing to buy his company. If Conrad's bank account has an interest rate of 3% per year, compounded continuously, what is the lowest price that Conrad should accept to sell his company for? Round your answer to 2 decimal places. The lowest price that Conrad should accept is 70953.63 $.
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