The present value of y dollars after x years at 15% continuous interest is f (x, y)
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The present value of y dollars after x years at 15% continuous interest is f (x, y) = ye-0.15x. Sketch some sample level curves. (Economists call this collection of level curves a discount system.)
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Related Book For
Calculus And Its Applications
ISBN: 9780134437774
14th Edition
Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar
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