The total U.S. personal income I (in billions of dollars) can be approximated by I=535.6(1.054)t  , where t  is the number of years past 1960. a) What does the formula estimate the total U.S. personal income to be in 2008? (Round to the nearest whole number.) The estimate is ______  billion dollars.

Intermediate Algebra
19th Edition
ISBN:9780998625720
Author:Lynn Marecek
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Chapter12: Sequences, Series And Binomial Theorem
Section12.3: Geometric Sequences And Series
Problem 12.57TI: What is the total effect on the economy of a government tax rebate of $1,000 to each household in...
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The total U.S. personal income I (in billions of dollars) can be approximated by I=535.6(1.054)t  , where t  is the number of years past 1960.

a) What does the formula estimate the total U.S. personal income to be in 2008? (Round to the nearest whole number.)

The estimate is ______  billion dollars.

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