b) Determine the value of the fund in year 2007. A(Ctrl) -
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:A mutual fund has a growth rate recorded each year, expressed by the
function
V(t)=r(t)3D200eo.04:,0<t <10
(in thousands of dollars per year), where t is the number of years passed from
year 1997. The value of
the fund in year 1997 is $1,000,000.
a) Determine the function V(t) which represents the value of the fund t years
after year 1997.
b)
Determine the value of the fund in year 2007.
(Ctrl) -
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