Problem Five: Problem 5
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Sales of Version 6.0 of a computer software package start out high and
decrease exponentially. At time t, in years, the sales are s(t) = 45e-t thousands of
dollars per year. After 3 years, Version 7.0 of the software is released and replaces
Version 6.0. Assume that all income from software sales is immediately invested in
government bonds which pay interest at a 7 percent rate compounded continuously,
calculate the total value of sales of Version 6.0 over the three year period.
4
value=49.4597
thousand dollars
