Explanation Given Information: The value of income, c , is 1500 t dollar. The time period, t 1 , is 10 years . The rate of the annual inflation, r , is 7 % . Formula used: The expression for the present value is written as, Present value = ∫ 0 t 1 c ( t ) e − r t d t Here, r is the rate of inflation and c ( t ) represents the income which is a function of time t . The method of integration by parts: If v and u are two differentiable function of x . Then, ∫ u d v = u v − ∫ v d u Steps to solve the integral problems: Step1: At first find the most complicated portion of the integrand and try to letter it as d v so that it can fit a fundamental integration rule. Then, the remaining factor or factors of the integrand will be u . Step2: First find the factor whose derivative is simple and consider it as u and then the remaining factor or factors of the integrand will be d v and d v should always include the term d x of the original integrand. Calculation: Recall the expression of the present value. Present value = ∫ 0 t 1 c ( t ) e − r t d t Substitute 10 for t 1 , 1500 t for c ( t ) and 0.07 for r . Present value = ∫ 0 10 ( 1500 t ) e − 0.07 t d t = ∫ 0 10 1500 t e − 0.07 t d t = 1500 ∫ 0 10 t e − 0.07 t d t In the above integrand, the simplest portion of the integrand is t . So, consider, u = t and the remaining factors as d v = e − 0.07 t d t . Therefore, d u = d t And, d v = e − 0.07 t d t Integrate the above expression for v . d v = ∫ e − 0

WebAssign Printed Access Card for Larson's Calculus: An Applied Approach, 10th Edition, Single-Term

10th Edition

ISBN: 9781337652308

Author: Ron Larson

Publisher: Brooks Cole

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Sequence and Series

A sequence is defined as a collection of things. Series is defined to sum the things one by one in the sequence. It was invented by German mathematician Carl Friedrich Gauss.

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Chapter 6, Problem 14RE

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To calculate: The present value of the income (c, in dollar) of 1500t (c, in dollar) over a time period (t1) of 10 years at an annual inflation rate (r) of 7%.

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Chapter 6, Problem 13RE

Chapter 6, Problem 15RE

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Chapter 6 Solutions

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Ch. 6.1 - Prob. 1CP Ch. 6.1 - Prob. 2CP Ch. 6.1 - Prob. 3CP Ch. 6.1 - Prob. 4CP Ch. 6.1 - Prob. 5CP Ch. 6.1 - Prob. 6CP Ch. 6.1 - Prob. 7CP Ch. 6.1 - Prob. 1SWU Ch. 6.1 - Prob. 2SWU Ch. 6.1 - Prob. 3SWU

Ch. 6.1 - Prob. 4SWU Ch. 6.1 - Prob. 5SWU Ch. 6.1 - Prob. 6SWU Ch. 6.1 - Prob. 7SWU Ch. 6.1 - Prob. 8SWU Ch. 6.1 - Prob. 9SWU Ch. 6.1 - Prob. 10SWU Ch. 6.1 - Prob. 1E Ch. 6.1 - Prob. 2E Ch. 6.1 - Prob. 3E Ch. 6.1 - Prob. 4E Ch. 6.1 - Integration by Parts In Exercises 5-16, use...Ch. 6.1 - Prob. 6E Ch. 6.1 - Integration by Parts In Exercises 5-16, use...Ch. 6.1 - Prob. 8E Ch. 6.1 - Integration by Parts In Exercises 5-16, use...Ch. 6.1 - Prob. 10E Ch. 6.1 - Integration by Parts In Exercises 5-16, use...Ch. 6.1 - Prob. 12E Ch. 6.1 - Integration by Parts In Exercises 5-16, use...Ch. 6.1 - Prob. 14E Ch. 6.1 - Integration by Parts In Exercises 5-16, use...Ch. 6.1 - Prob. 16E Ch. 6.1 - Prob. 17E Ch. 6.1 - Prob. 18E Ch. 6.1 - Prob. 19E Ch. 6.1 - Prob. 20E Ch. 6.1 - Finding an Indefinite Integral In Exercises 17-38,...Ch. 6.1 - Finding an Indefinite Integral In Exercises 17-38,...Ch. 6.1 - Prob. 23E Ch. 6.1 - Prob. 24E Ch. 6.1 - Finding an Indefinite Integral In Exercises 17-38,...Ch. 6.1 - Prob. 26E Ch. 6.1 - Prob. 27E Ch. 6.1 - Prob. 28E Ch. 6.1 - Prob. 29E Ch. 6.1 - Prob. 30E Ch. 6.1 - Prob. 31E Ch. 6.1 - Prob. 32E Ch. 6.1 - Prob. 33E Ch. 6.1 - Prob. 34E Ch. 6.1 - Prob. 35E Ch. 6.1 - Prob. 36E Ch. 6.1 - Finding an Indefinite Integral In Exercises 17-38,...Ch. 6.1 - Finding an Indefinite Integral In Exercises 17-38,...Ch. 6.1 - Prob. 39E Ch. 6.1 - Prob. 40E Ch. 6.1 - Prob. 41E Ch. 6.1 - Evaluating a Definite Integral In Exercises 39-46,...Ch. 6.1 - Prob. 43E Ch. 6.1 - Prob. 44E Ch. 6.1 - Prob. 45E Ch. 6.1 - Prob. 46E Ch. 6.1 - Prob. 47E Ch. 6.1 - Prob. 48E Ch. 6.1 - Prob. 49E Ch. 6.1 - Prob. 50E Ch. 6.1 - Prob. 51E Ch. 6.1 - Prob. 52E Ch. 6.1 - Verifying Formulas In Exercises 53 and 54, use...Ch. 6.1 - Verifying Formulas In Exercises 53 and 54, use...Ch. 6.1 - Prob. 55E Ch. 6.1 - Prob. 56E Ch. 6.1 - Prob. 57E Ch. 6.1 - Prob. 58E Ch. 6.1 - Prob. 59E Ch. 6.1 - Prob. 60E Ch. 6.1 - Prob. 61E Ch. 6.1 - Prob. 62E Ch. 6.1 - Prob. 63E Ch. 6.1 - Prob. 64E Ch. 6.1 - Prob. 65E Ch. 6.1 - Revenue A company sells a seasonal product. 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Prob. 8RE Ch. 6 - Prob. 9RE Ch. 6 - Prob. 10RE Ch. 6 - Prob. 11RE Ch. 6 - Prob. 12RE Ch. 6 - Prob. 13RE Ch. 6 - Prob. 14RE Ch. 6 - Finding Present Value In Exercises 1316, find the...Ch. 6 - Prob. 16RE Ch. 6 - Prob. 17RE Ch. 6 - Prob. 18RE Ch. 6 - Prob. 19RE Ch. 6 - Prob. 20RE Ch. 6 - Prob. 21RE Ch. 6 - Prob. 22RE Ch. 6 - Prob. 23RE Ch. 6 - Prob. 24RE Ch. 6 - Prob. 25RE Ch. 6 - Prob. 26RE Ch. 6 - Prob. 27RE Ch. 6 - Prob. 28RE Ch. 6 - Prob. 29RE Ch. 6 - Prob. 30RE Ch. 6 - Prob. 31RE Ch. 6 - Prob. 32RE Ch. 6 - Prob. 33RE Ch. 6 - Prob. 34RE Ch. 6 - Prob. 35RE Ch. 6 - Prob. 36RE Ch. 6 - Prob. 37RE Ch. 6 - Prob. 38RE Ch. 6 - Prob. 39RE Ch. 6 - Prob. 40RE Ch. 6 - Prob. 41RE Ch. 6 - Prob. 42RE Ch. 6 - Prob. 43RE Ch. 6 - Prob. 44RE Ch. 6 - Prob. 45RE Ch. 6 - Prob. 46RE Ch. 6 - Prob. 47RE Ch. 6 - Prob. 48RE Ch. 6 - Prob. 49RE Ch. 6 - Prob. 50RE Ch. 6 - Prob. 51RE Ch. 6 - Prob. 52RE Ch. 6 - Prob. 53RE Ch. 6 - Prob. 54RE Ch. 6 - Prob. 55RE Ch. 6 - Prob. 56RE Ch. 6 - Prob. 57RE Ch. 6 - Prob. 58RE Ch. 6 - 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The present value of the income ( c , in dollar) of 1500 t ( c , in dollar) over a time period ( t 1 ) of 10 years at an annual inflation rate ( r ) of 7 % .

Solution Summary: The author explains how to calculate the present value of the income of 1500t dollar over a time period.

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To calculate: The present value of the income (c, in dollar) of 1500t (c, in dollar) over a time period (t1) of 10 years at an annual inflation rate (r) of 7%.

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Chapter 6 Solutions