Question

Asked May 1, 2019

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11.4_10 Can you please help me with a step by step guide. Thank you very much!

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Step 1

The capital accumulation is given by the definite integral:

Where,

Hence, the capital accumulation over an eight-year period is given by:

Step 2

The integral can be solved by substituting,

Also the limits of the integral change when the variable is changed in a definite integral.

So when *t* = 0,

When *t* = 8

Step 3

Hence, the integral can be written as:

Hence, the capital ...

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