The Hershey Company is the largest US producer of chocolate. Between 2005 and 2008
Chapter 6, Problem 10(choose chapter or problem)
The Hershey Company is the largest US producer of chocolate. Between 2005 and 2008, Hershey generated net sales at a rate approximated by 4.8+0.1t billion dollars per year, where t is the time in years since January 1, 2005.4 Assume this rate continues through the year 2010 and that the interest rate is 2% per year compounded continuously. (a) Find the value, on January 1, 2005, of Hersheys net sales during the five-year period from from January 1, 2005 to January 1, 2010. (b) Find the value, on January 1, 2010, of Hersheys net sales during the same five-year period.
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