Question: A growth company is one whose net earnings tend to increase each year. Suppose that the net earnings of a company at time t are

A growth company is one whose net earnings tend to increase each year. Suppose that the net earnings of a company at time t are being generated at the rate of 30 + 5t million dollars per year.

(a) Write a definite integral that gives the present value of the company’s earnings over the next 2 years using a 10% interest rate.

(b) Compute the present value described in part (a).

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