   Chapter 7.3, Problem 49E ### 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
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# Investment In 2015, an investment of $2000 was made in a bond earning 10 % compounded annually. The investor pays tax at rate R (in decimal form), and the annual rate of inflation is I (in decimal form). In the year 2025, the value V of the bond in constant 2015 dollars is given by V ( I , R ) = [ 1 + 0.10 ( 1 − R ) 1 + I ] 10 Use this function of two variables and a spreadsheet to complete the table.Inflation Rate Tax Rate 0 0.03 0.05 0 0.28 0.35 To determine To calculate: The volume of bond in 2015 by the function V(I,R)=2000[1+0.10(1R)1+I]. Explanation Given Information: The provided function: V(I,R)=2000[1+0.10(1R)1+I] Where R is the tax rate paid by inverter and I is the inflation rate. Investment=$2000Rateofcompoundinterest=10%

Formula used:

Value of bond:

V(I,R)=2000[1+0.10(1R)1+I]10

Calculation:

Consider the function,

V(I,R)=2000[1+0

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