Oil production. Using production and geological data, the management of an oil company estimates that oil will be pumped from a field producing at a rate given by R ( t ) = 100 t + 1 + 5 0 ≤ t ≤ 20 where R ( t ) is the rate of production (in thousands of barrels per year) t years after pumping begins. How many barrels of oil Q ( t ) will the field produce in the first t years if Q (0) = 0? How many barrels will be produced in the first 9 years?
Oil production. Using production and geological data, the management of an oil company estimates that oil will be pumped from a field producing at a rate given by R ( t ) = 100 t + 1 + 5 0 ≤ t ≤ 20 where R ( t ) is the rate of production (in thousands of barrels per year) t years after pumping begins. How many barrels of oil Q ( t ) will the field produce in the first t years if Q (0) = 0? How many barrels will be produced in the first 9 years?
Solution Summary: The author calculates the number of barrels of oil to fill the field in the first t years and 9 years.
Oil production. Using production and geological data, the management of an oil company estimates that oil will be pumped from a field producing at a rate given by
R
(
t
)
=
100
t
+
1
+
5
0
≤
t
≤
20
where R(t) is the rate of production (in thousands of barrels per year) t years after pumping begins. How many barrels of oil Q(t) will the field produce in the first t years if Q(0) = 0? How many barrels will be produced in the first 9 years?
Sara (a 23 year old college graduate) is starting her first career. She met with a financial planner and has determined that she wants $1,000,000 when she retires at the age of 63. She has found an annuity that pays 4.25%, compounded quarterly.
What will she need to save each month, if Sara waits 20 years to start saving?
N:
P/Y:
I%:
C/Y:
PMT:
FV:
End or Begin
$4158.98
$4,115.26
$2645.83
$6,707.40
Sara (a 23 year old college graduate) is starting her first career. She met with a financial planner and has determined that she wants $1,000,000 when she retires at the age of 63. She has found an annuity that pays 4.25%, compounded quarterly.
What will she need to save each month, if
a) Sara begins saving now?
N:
P/Y:
I%:
C/Y:
PMT:
FV:
End or Begin
$1,323.80
$1,376.59
$794.74
$1,000,000
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