The purchasing power P (in dollars) of an annual amount of A dollars after t years of
Question:
P = Ae-0.05t
(a) How long will it be before a pension of $60,000 per year has a purchasing power of $30,000?
(b) How much pension A would be needed so that the purchasing power P is $50,000 after 15 years?
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a b 30000 60000e00 0...View the full answer
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Related Book For 
Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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