A firms profits i have been growing consistently over time from $3.40 million in 1985 to $6.71

Question:

A firm’s profits i’ have been growing consistently over time from $3.40 million in 1985 to $6.71 million in 1993.

(a) Express profits as a natural exponential function of time π = π0ert and

(b) find the annual rate of growth.

(a) Let 1985 be the base year with t = 0, then t = 8 for 1993, and image text in transcribed

image text in transcribed

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Schaum S Outline Of Mathematical Methods For Business Economics And Finance

ISBN: 978-1264266876

2nd Edition

Authors: Luis Moises Pena Levano

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Question Posted: Sep 20, 2024 06:03 AM

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A firms profits i have been growing consistently over time from $3.40 million in 1985 to $6.71

Question:

3.40= 6.71 = o(0) Toe (8) = (11.21)

Step by Step Answer:

Schaum S Outline Of Mathematical Methods For Business Economics And Finance

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