Asked by Calculus Help
A professional athlete signs a four-year contract in which the earnings can be modeled by
c = 300,000 + 750,000t,
where t represents the year.
(a) Find the actual value of the athlete's contract.
(b) Assuming an annual inflation rate of 4%, what is the present value of the contract? (Round your answer to two decimal places.)
c = 300,000 + 750,000t,
where t represents the year.
(a) Find the actual value of the athlete's contract.
(b) Assuming an annual inflation rate of 4%, what is the present value of the contract? (Round your answer to two decimal places.)
Answers
Answered by
Steve
(a) ∫[0,4] 300000+750000t dt = 7,200,000
Now you can use that to find the present value
Now you can use that to find the present value
Answered by
Calculus Help
I COULDNT FIND IT CAN YOU PLEASE HELP ME HERE ?
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