The annual revenue earned by Target for fiscal years 1998 through 2005 can be approximated by billion dollars per year
where
is time in years (
represents the beginning of fiscal year 2000) . Suppose that, from fiscal year 1998 on, Target invested its revenue in an investment that depreciated continuously at a rate of 7% per year. What, to the nearest $10 billion, would the total value of Target s revenue have been by the end of fiscal year 2003?
A)
B)
C)
D)
E)
Correct Answer:
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