Average Joe's Gym had a profit of 2.153 million dollars last year. In order to save for expansion and new equipment they plan to continually invest 60% of their profit over the next 5 years to an account which earns 4.75% interest, compounded continuously. Write the function R(t) that shows the stream of money flowing into their investment account under each of the following circumstances. Do NOT round any values. (a) Their profit remains constant over the next 5 years. R(t) = 1.292 (b) Their profit increases by 5.01 million dollars per year over the next 5 years. R(t) = 2.153+ 5.01 (5) X (c) Their profit increases by 5.01% each year over the next 5 years. R(t) = (d) Their profit decreases by 5.01 million dollars per year over the next 5 years. R(t) = 2.153-5.01t x (e) Their profit decreases by 5.01% each year over the next 5 years. R(t) =
Average Joe's Gym had a profit of 2.153 million dollars last year. In order to save for expansion and new equipment they plan to continually invest 60% of their profit over the next 5 years to an account which earns 4.75% interest, compounded continuously. Write the function R(t) that shows the stream of money flowing into their investment account under each of the following circumstances. Do NOT round any values. (a) Their profit remains constant over the next 5 years. R(t) = 1.292 (b) Their profit increases by 5.01 million dollars per year over the next 5 years. R(t) = 2.153+ 5.01 (5) X (c) Their profit increases by 5.01% each year over the next 5 years. R(t) = (d) Their profit decreases by 5.01 million dollars per year over the next 5 years. R(t) = 2.153-5.01t x (e) Their profit decreases by 5.01% each year over the next 5 years. R(t) =
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Transcribed Image Text:Average Joe's Gym had a profit of 2.153 million dollars last year. In order to save for expansion and new equipment they plan to continually invest 60% of their profit over the
next 5 years to an account which earns 4.75% interest, compounded continuously. Write the function R(t) that shows the stream of money flowing into their investment
account under each of the following circumstances. Do NOT round any values.
(a) Their profit remains constant over the next 5 years.
R(t) = 1.292
(b) Their profit increases by 5.01 million dollars per year over the next 5 years.
R(t) = 2.153+ 5.01 (5) X
(c) Their profit increases by 5.01% each year over the next 5 years.
R(t) =
(d) Their profit decreases by 5.01 million dollars per year over the next 5 years.
R(t) = 2.153-5.01t x
(e) Their profit decreases by 5.01% each year over the next 5 years.
R(t) =
What are the appropriate units for each function R(t) above?
million dollars per year ✔✔
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