Find the equivalent cash price of a $1500 monthly payment over two years assuming 18% interest compounded monthly.
2 answers:
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Answer:
a)
b) f(t=2015) = 264,034,317.7
Step-by-step explanation:
The rate of change in the number of hospital outpatient visits, in millions, is given by:
a) To find the function f(t) you integrate f(t):
To solve the integral you use:
Next, you replace in the integral:
Then, the function f(t) is:
The value of C' is deduced by the information of the exercise. For t=0 there were 264,034,000 outpatient visits.
Hence C' = 264,034,000
The function is:
b) For t = 2015 you have: