An investment worth $1 million in 2005 has been growing at a rate of f(t) = 0.147(1.18) million dollars per year where t is the number of years since 2005. (a) Calculate how much the investment will have grown between 2005 and 2018. (Round your answer to three decimal places.) %24 million How much is it projected to grow between 2018 and 2023? (Round your answer to three decimal places.) $4 million (b) Recover the function for the model that gives future value of an Investment in million dollars t years since 2005. (The coefficient of integration should be rounded to three decimal places F(t) = million dollars
An investment worth $1 million in 2005 has been growing at a rate of f(t) = 0.147(1.18) million dollars per year where t is the number of years since 2005. (a) Calculate how much the investment will have grown between 2005 and 2018. (Round your answer to three decimal places.) %24 million How much is it projected to grow between 2018 and 2023? (Round your answer to three decimal places.) $4 million (b) Recover the function for the model that gives future value of an Investment in million dollars t years since 2005. (The coefficient of integration should be rounded to three decimal places F(t) = million dollars
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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 alt="MY NOTES
ASK
An investment worth $1 million in 2005 has been growing at a rate of
f(t) = 0.147(1.18) million dollars per year
where t is the number of years since 2005.
(a) Calculate how much the investment will have grown between 2005 and 2018. (Round your answer to three decimal places.)
%$4
million
How much is it projected to grow between 2018 and 2023? (Round your answer to three decimal places.)
%24
million
(b) Recover the function for the model that gives future value of an investment in million dollars t years since 2005. (The coefficient of integration should be rounded to three decimal places.)
F(t) =
million dollars
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Transcribed Image Text:MY NOTES
ASK
An investment worth $1 million in 2005 has been growing at a rate of
f(t) = 0.147(1.18) million dollars per year
where t is the number of years since 2005.
(a) Calculate how much the investment will have grown between 2005 and 2018. (Round your answer to three decimal places.)
%$4
million
How much is it projected to grow between 2018 and 2023? (Round your answer to three decimal places.)
%24
million
(b) Recover the function for the model that gives future value of an investment in million dollars t years since 2005. (The coefficient of integration should be rounded to three decimal places.)
F(t) =
million dollars
Submit Answer
View Next Question
View Previous Question Question 11 of 12
81°F
e Type here to search
brt sc
delete
19
f8
&
3y
R
T
H.
K
G
II
%24
%23
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