Question
ANSWER ALL THE QUESTIONS PLEASE!!!!! Q1. Find the present value of the deposit. Formula : A = Pe^rt $29,000 at 4.9% compounded continuously for 8
ANSWER ALL THE QUESTIONS PLEASE!!!!!
Q1. Find the present value of the deposit. Formula : A = Pe^rt $29,000 at 4.9% compounded continuously for 8 years The present value is $ enter your response here. (Round to the appropriate cent.)
Q2. Frank Cronin must make a balloon payment
40,000 in 66 years. Find the present value of the payment if it includes annual interest of 7.9% compounded annually.
The present value is $ enter your response here.
(Round to the appropriate cent.)
Q3. Sales of a new model of digital camera are approximated by
S(x) = 5000 - 3800e^ -x, where x represents the number of years that the digital camera has been on the market, and S(x) represents sales in thousands of dollars.
(a) Find the sales in year 0.
(b) When will sales reach $ 4,931,000?
(c) Find the limit on sales.
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