For the year ending June 30, 2009, the revenue of the Sara Lee Corporation was $12.88...

Transcribed Image Text:

For the year ending June 30, 2009, the revenue of the Sara Lee Corporation was $12.88 billion. Assume that Sara Lee's revenue will increase by 5% per year and that beginning on July 1, 2009, 3.5% of the revenue was invested each year (continuously) at an APR of 5% compounded continuously.t (a) Write the flow rate equation. R(t) = .035- 12.88-1.05 billion dollars per year (b) What is the future value of the investment at the end of the year on December 31, 2011? (Round your answer to three decimal places.) x billion For the year ending June 30, 2009, the revenue of the Sara Lee Corporation was $12.88 billion. Assume that Sara Lee's revenue will increase by 5% per year and that beginning on July 1, 2009, 3.5% of the revenue was invested each year (continuously) at an APR of 5% compounded continuously.t (a) Write the flow rate equation. R(t) = .035- 12.88-1.05 billion dollars per year (b) What is the future value of the investment at the end of the year on December 31, 2011? (Round your answer to three decimal places.) x billion

Answer rating: 100% (QA)

a An increased in profit of 5 each year indicates exponential growth and constant p... View the full answer