An investment firm estimates that the value of its portfolio after t years is A million dollars,
Question:
An investment firm estimates that the value of its portfolio after t years is A million dollars, where
a. What is the value of the account when t = 0?
b. How long does it take for the account to double its initial value?
c. How long does it take before the account is worth a billion dollars?
Transcribed Image Text:
A(t) = 300 In (t + 3)
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At 300 lnt 3 a b A0 is the initia...View the full answer
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Related Book For
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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