The annual net sales (revenue)earned by the Finnish cell phone company Nokia from January 1999 to January 2004 can be approximated by billion euros per year where is time in years ( represents January 2000 ). Suppose that, from January 1999 on, Nokia invested its revenue in an investment yielding 7% compounded continuously. What, to the nearest 10 billion, would the total value of Nokia s revenues have been at the end of 2003?

Question

The annual net sales (revenue)earned by the Finnish cell phone company Nokia from January 1999 to January 2004 can be approximated by  billion euros per year  where  is time in years (  represents January 2000 ). Suppose that, from January 1999 on, Nokia invested its revenue in an investment yielding 7% compounded continuously. What, to the nearest 10 billion, would the total value of Nokia s revenues have been at the end of 2003?

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The Answer of The annual net sales (revenue)earned by the Finnish cell phone company Nokia from January 1999 to January 2004 can be approximated by  billion euros per year  where  is time in years (  represents January 2000 ). Suppose that, from January 1999 on, Nokia invested its revenue in an investment yielding 7% compounded continuously. What, to the nearest 10 billion, would the total value of Nokia s revenues have been at the end of 2003?

The Annual Net Sales (Revenue)earned by the Finnish Cell Phone