1. The income from Ming's robotics business for the next 10 years is given by the income stream f(t) = 50e²-0.2t where t is the year (t = 0 being now) and f(t) is the income in year t in thousands of dollars. The interest rate is set at 5% and is compounded continuously. (a) Compute Ming's average income over the next 10 years. [Give your final answer rounded to the nearest dollar.] (b) Compute the difference between the future value (10 years from now) and the present value (for the next 10 years) of Ming's income stream. [Give your final answer rounded to the nearest dollar.]

1. The income from Ming's robotics business for the next 10 years is given by the income stream f(t) = 50e²-0.2t where t is the year (t = 0 being now) and f(t) is the income in year t in thousands of dollars. The interest rate is set at 5% and is compounded continuously. (a) Compute Ming's average income over the next 10 years. [Give your final answer rounded to the nearest dollar.] (b) Compute the difference between the future value (10 years from now) and the present value (for the next 10 years) of Ming's income stream. [Give your final answer rounded to the nearest dollar.]

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter6: Exponential And Logarithmic Functions

Section: Chapter Questions

Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...

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