To find: the budget for the project for the given time duration.
Answer to Problem 55SGA
$117987860.30
Explanation of Solution
Given information:
Let the budget and duration be represented by be
The budget cut every year by
Calculation:
The budget after 1 year, 2 year and so on is evaluated below.
The budget after 10 years will be evaluated as follows:
Thus the budget after 10 years will be $117987860.30.
Chapter 12 Solutions
Advanced Mathematical Concepts: Precalculus with Applications, Student Edition
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