A stock analyst plots the price per share of a certain common stock as a function of time and finds that it can be approximated by the function S(t) = 48 + 28 e 0.07t where t is the time (in years) since the stock was purchased. Find the average price of the stock over the first five years. The average price of the stock is $. (Round to the nearest cent as needed.)

A stock analyst plots the price per share of a certain common stock as a function of time and finds that it can be approximated by the function S(t) = 48 + 28 e 0.07t where t is the time (in years) since the stock was purchased. Find the average price of the stock over the first five years. The average price of the stock is $. (Round to the nearest cent as needed.)

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter3: Functions

Section3.3: Rates Of Change And Behavior Of Graphs

Problem 46SE: Near the surface of the moon, the distance that an object falls is a function of time. It is given...

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