Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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- please helparrow_forwardThe price in dollars of a house during a period of mild inflation is described by the formula P(t)=96000e^0.05t where t is the number of years after 1990. Answer the following questions: A. The value of the house in the year 2000 will be ___________ dollars. (Round your answer to the nearest dollar.) B. In the year 2000 the value will be increasing at a rate of ____________ dollars per year. (Round your answer to the nearest dollar.) C. How long will it take for a house to double in value? Answer: _____________ years. (Round your answer to two decimal places.)arrow_forwardIf $1000 is invested at 7% compounded monthly, then the future value of the investment after x years is given by the functiony = 1000(1+0.07/12)^12x,x≥0Calculate:Future value of investment after 15 years = Future value of investment after 14 years = Future value of investment after 20 months =arrow_forward
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