Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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A small company is trying to decide whether or not to upgrade its website. The upgrade costs 5,000, but will bring in a continuous stream of $500 dollars of extra income per year. If the company would invest this extra income in an account with a continuously compounding interest rate of 3% for ten years, should the company upgrade the website?
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