For the year ending December 31, 2017, sales for Corporation Y were $75.11 billion. Beginning January 1, 2018 Corporation Y plans to invest 7.5% of their sales amount each year and they expect their sales to increase by 6% each year over the next three years. Corporation Y invests into an account earning an APR of 1.5% compounded continuously. Assume a continuous income stream. How much money will be in the investment account on December 31, 2020? Round your answer to three decimal places. billion dollars How much money did Company Y invest in the account between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. billion dollars How much interest did Company Y earn between January 1, 2018 and December 31, 2020? Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer. billion dollars
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
For the year ending December 31, 2017, sales for Corporation Y were $75.11 billion. Beginning January 1, 2018 Corporation Y plans to invest 7.5% of their sales amount each year and they expect their sales to increase by 6% each year over the next three years.
Corporation Y invests into an account earning an APR of 1.5% compounded continuously. Assume a continuous income stream.
How much money will be in the investment account on December 31, 2020?
Round your answer to three decimal places.
billion dollars
How much money did Company Y invest in the account between January 1, 2018 and December 31, 2020?
Round your answer to three decimal places.
billion dollars
How much interest did Company Y earn between January 1, 2018 and December 31, 2020?
Round your answer to three decimal places. If intermediate values are used, be sure to use the unrounded values to determine the answer.
billion dollars
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