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German TV and radio users pay an annual license fee of 200 euros. In 2008, the German

ISBN: 9781118174920 268

Solution for problem 11 Chapter 6.5

Applied Calculus | 5th Edition

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Problem 11

German TV and radio users pay an annual license fee of 200 euros. In 2008, the German poet Friedrich Schiller, who died in 1805, was sent reminders to pay his license fee.5 (The reminders were sent to an elementary school named after Schiller, despite a teacher pointing out that the addressee is no longer in a position to listen to the radio or watch television.) Assume the license fee had been charged at a continuous rate of 200 euros per year since 1805 and that the continous interest rate was 3% per year over this period. If Schiller were charged the license fee, with interest, since his death, how much would he have owed by 2008?

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Media Effects (Chapter 15)  Media effects is the field of research that attempts to understand, predict, and explain the effects of mass media on individuals and society o scientific method: understand, predict, and explain o individuals and society: media does not only effect the individual but society as well  Not all...

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