Question
The annual revenue earned by Target for fiscal years 2004 through 2010 can be approximated by R ( t ) = 41 e 0.094 t
The annual revenue earned by Target for fiscal years 2004 through 2010 can be approximated by
R(t) = 41e0.094t billion dollars per year (0 t 7),
where t is time in years (t = 0 represents the beginning of fiscal year 2004). Suppose that, from the start of fiscal year 2004 on, Target invested its revenue in an investment that depreciated continuously at a rate of 2% per year. What, to the nearest $10 billion, would the total value of Target's revenue from the beginning of fiscal year 2006 to the beginning of fiscal year 2010 have been at the beginning of fiscal year 2010?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started