The total U.S. personal income I (in billions of dollars) from 1970 and projected to 2024 can be approximated by I = 528.1(1.056) where t is the number of years past 1970. A. What value of t corresponds to the year 2007? t = B. What did the formula estimate total U.S. personal income would be in the year 2007? (Round your answer to the nearest billion.) billion dollars
The total U.S. personal income I (in billions of dollars) from 1970 and projected to 2024 can be approximated by I = 528.1(1.056) where t is the number of years past 1970. A. What value of t corresponds to the year 2007? t = B. What did the formula estimate total U.S. personal income would be in the year 2007? (Round your answer to the nearest billion.) billion dollars
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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