Chapter 7, Section 7.2, Question 060The dollar value of two investments after t years is given by f (t) = 6000(1.062)' and g (t) = 8500 (1.041). Solve the equationf (t) g (t). What does your solution tell you about the investments?Round your answer to the nearest integerThe two investments arinyears.equalthe absolute tolerance iboth equal to zero

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Asked Nov 25, 2019
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Chapter 7, Section 7.2, Question 060
The dollar value of two investments after t years is given by f (t) = 6000(1.062)' and g (t) = 8500 (1.041). Solve the equation
f (t) g (t). What does your solution tell you about the investments?
Round your answer to the nearest integer
The two investments ar
in
years.
equal
the absolute tolerance i
both equal to zero
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Chapter 7, Section 7.2, Question 060 The dollar value of two investments after t years is given by f (t) = 6000(1.062)' and g (t) = 8500 (1.041). Solve the equation f (t) g (t). What does your solution tell you about the investments? Round your answer to the nearest integer The two investments ar in years. equal the absolute tolerance i both equal to zero

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Expert Answer

Step 1

Given:

f(t)= 6000(1.062)
g(t)8500(1.041)
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f(t)= 6000(1.062) g(t)8500(1.041)

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Step 2

According to the question f(t)...

6000(1.062) =8500(1.041)
12(1.062) 17(1.041
1.062
17
1.041
12
Taking log to both sides
(1.062
t.log
1.041
17
- log
12
17
log
12
t =
1.062
log
1.041
t 17.4396
t 17 Years
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6000(1.062) =8500(1.041) 12(1.062) 17(1.041 1.062 17 1.041 12 Taking log to both sides (1.062 t.log 1.041 17 - log 12 17 log 12 t = 1.062 log 1.041 t 17.4396 t 17 Years

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