   Chapter 6.1, Problem 75E ### Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919

#### Solutions

Chapter
Section ### Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919
Textbook Problem
1 views

# Present Value A company expects its income c during the next 4 years to be modeled by c   = 150 , 000   +   75 , 000 t ,   0   ≤ t ≤   4 .(a) Find the actual income for the business over the 4 years.(b) Assuming an annual inflation rate of 4 % , what is the present value of this income?

(a)

To determine

To calculate: The actual income if company’s expected income model is c=150000+75000t for the upcoming 4 years.

Explanation

Given information:

A company’s expected income model is c=150000+75000t over the time interval of next 4 years.

Formula used:

Actual income over the t1 years can be calculated as:

Actual income over t1 years=0t1c(t)dt

Calculation:

Consider the provided statement:

Expected income model is c=150000+75000t

It is provided that t1=4 years.

Now find Actual income with the help of the formula: Actual income over t1 years=0t1c(t)dt

Substitute the value of t1=4, and c=150000+75000t in the above function

(b)

To determine

To calculate: The present value if company’s expected income model is c=150000+75000t for the upcoming 4 years with the inflation rate of 4%.

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

#### In Exercises 2124, factor each expression completely. 21. 22r3 + 100r2

Applied Calculus for the Managerial, Life, and Social Sciences: A Brief Approach

#### In Problems 1 and 2, factor out the common monomial factor. 2.

Mathematical Applications for the Management, Life, and Social Sciences

#### In Exercises 724, compute the indicated products. 

Finite Mathematics for the Managerial, Life, and Social Sciences

#### The radius of convergence of is: 1 3 ∞

Study Guide for Stewart's Multivariable Calculus, 8th 