You have a formula that gives return R, in dollars, that the operator must pay off after t months. The formula is R(t)=21,000x1.06^t. Assume the investors pay $2000 to join the scheme. How many investors must be recruited at the end of 3 years in order to pay the existing investors?
You have a formula that gives return R, in dollars, that the operator must pay off after t months. The formula is R(t)=21,000x1.06^t. Assume the investors pay $2000 to join the scheme. How many investors must be recruited at the end of 3 years in order to pay the existing investors?
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 18T
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You have a formula that gives return R, in dollars, that the operator must pay off after t months. The formula is R(t)=21,000x1.06^t.
Assume the investors pay $2000 to join the scheme. How many investors must be recruited at the end of 3 years in order to pay the existing investors?
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