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Chapter 6, Section 6.5, Question 019 Intel Corporation is a leading manufacturer of integrated circuits. In 2011, Intel generated profits at a continuous rate of
Chapter 6, Section 6.5, Question 019 Intel Corporation is a leading manufacturer of integrated circuits. In 2011, Intel generated profits at a continuous rate of 34.6 billion dollars per year based on a total revenue of 54 billion dollars. Assume the interest rate was 3% per year compounded continuously. (a) What was the present value of Intel's profits over the 2011 one-year time period? Round your answer to two decimal places. billion dollars (b) What was the value at the end of the year of Intel's profits over the 2011 one-year time period? Round your answer to two decimal places. billion dollars
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