Friday
April 18, 2014

Homework Help: calculus

Posted by illy on Wednesday, May 23, 2012 at 12:30pm.

Suppose that the dealer, who is 25 years old, decides to sell the card at time , sometime in the next 40 years: 0< or equal to t < or equal to 40. At that time , heíll invest the money he gets for the sale of the card in a bank account that earns an interest rate of r , compounded continuously. (This means that after years, an initial investment of will be worth Ie^(rt).) When he turns 65, heíll take the money thatís in his bank account and begin to draw on it for his retirement. Let A be the amount of money in his account when he turns 65.

Plot the function A(t) for several different values of k, while holding r constant. What does a larger value of k imply about the value of the card over time?. And now, what does a larger value of k imply about the best time to sell the card? Do these two facts seem consistent with one another?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Statistic - A Toyota dealer wants to find out the age of their customers (for ...
math - v(t)= Ce^(k(square root(t)) Suppose that the dealer, who is 25 years old...
math - v(t)= Ce^(k(square root(t)) Suppose that the dealer, who is 25 years old...
statistics - suppose 25% of the urban population is 18 years old or younger. ...
Finance - You want to buy a stock. There are man dealers you can buy it from, ...
Calculus - Today, Daryl is two-thirds as old as he will be eight years before he...
calculus - v(t)= Ce^(k(square root(t)) Suppose that the dealer, who is 25 years ...
science - how old is a mammoth's tusk if there is only 25 percent C-14 remaining...
health - Children and adolescents are considered to be reflected in which age ...
13 - Children and adolescents are considered to be reflected in which age group...

Search
Members