Intel Corporation is a leading manufacturer of integrated circuits. In 2011, Intel
Chapter 6, Problem 17(choose chapter or problem)
Intel Corporation is a leading manufacturer of integrated circuits. In 2011, Intel generated profits at a continuous rate of 34.6 billion dollars per year based on a total revenue of 54 billion dollars.6 Assume the interest rate was 6% per year compounded continuously. (a) What was the present value of Intels profits over the 2011 one-year time period? (b) What was the value at the end of the year of Intels profits over the 2011 one-year time period?
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