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Around January 1, 1993, Barbara Streisand signed a recording contract with Sony Corporation for $2 million each year for 10 years. Suppose the first payment of $2 million was made on the day of signing the deal and all other payments to her were
made on the first day of each subsequent year. Suppose all payments were directed into her bank account earning 4% a year, compounded semi-annually.
i) Assuming she never made any withdrawals from the account, how much money was in er account on the day the last payment was made? (Be sure to use the formula for inding sum of a series, geometric series/arithmetic series.) ii) What was the present discounted value of the recording contract to her the day it was igned? (Be sure to use the formula for finding sum of a series, geometric series/arithmetic series
the manager of 100 apartments knows that at $600 rent per month, all apartments will be rented. For each $25 increase, one apartment will not be occupied. Let x represnt the number of $25 increases to the rent. Write the revenue as function of x.
Suppose you plan to buy many blank compact discs. You check price lists and find you can buy up to 100 CDs at $0.74 each. The next 200 CDs would cost $0.69 each. All CDs after 300 cost $0.45 each. Write a functino that describes the cost c of ..
Linear systems using the Reduced Row Echelon technique, as demonstrated in class. If there is no solution, explain why not.
A chain store manager has been told by the main office that daily profit, P, is related to the number of clerks working that day, x, according to the function P=-25x^2+300x. What number of clerks will maximize the profit, and what is the maximum p..
Provide a written summary of your results explaining them in the context of the original problem. If you were a homebuilder, would you be interested in continuing to build homes in this market over the long run? Explain why or why not.
Determine how many solutions exist
How much wire should be used for the square in order to maximize the total area?
a maker of frozen meals claims that the average caloric content of its meals is 800 and the standard deviation its
Find the maximal interval of existence. Find the dynamical system defined by the solutions
question the formula f 1.2x 21.6 models income f in the thousands of dollars for a family of 4 in minnesota since
What is the probability of getting an A on the paper? What is the probability of getting an A on the exam?
How many companies closed down their pension plans in each of those three years?
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