Sales of Ver.X of a computer software package start out high and decrease exponentially. At time t, in years, the sales are s(t)= 55(e^-t) thousands of dollars per year. After 4 years, Ver.Y of the software is released and replaces Ver.X. Assume that all income from software sales is immediately invested in government bonds which pay interest at a 6 percent rate compounded continuously, calculate the total value of sales of Ver.X over the four year period.
I have no clue how to solve this question...except that I may have to find the future value at the end of the question. Could someone help me set up this question? Thank you in advance.
I have no clue how to solve this question...except that I may have to find the future value at the end of the question. Could someone help me set up this question? Thank you in advance.