Question: Sales of Version 6.0 of a computer software package start out high and decrease exponentially. At time t, in years, the sales are s(t) =
Sales of Version 6.0 of a computer software package start out high and decrease exponentially. At time t, in years, the sales are s(t) = 50,000e−t dollars per year. After two years, Version 7.0 of the software is released and replaces Version 6.0. You can invest earnings at an interest rate of 6%, compounded continuously. Calculate the total present value of sales of Version 6.0 over the two-year period.
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