Given the investment flow I(t) = 2400t (a) Calculate the total capital formation during the first four
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Given the investment flow
I(t) = 2400√t
(a) Calculate the total capital formation during the first four years.
(b) Find an expression for the annual capital formation during the Nth year and hence find the first year in which the annual capital formation exceeds $4000.
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a 2400t dr 1600t 12800 b N2400r d...View the full answer
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