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The rate that water flows into two identical tanks during a 24-hour period is given by the models below.Both and
are measured in gallons per hour for
hours,and both tanks are empty at time t = 0.
Tank 1: The graph of consists of the line segments indicated in the figure.
Tank 2:
-What is the value of ? What is the value of
? Give units for both answers.Round your answer to 3 decimal places.
___________
___________
Derivative Instrument
A financial security whose value is derived from an underlying asset, index, or interest rate, often used for hedging or speculative purposes.
Futures Contract
A legal agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.
Call Option
A financial contract giving the option buyer the right, but not the obligation, to buy a specified amount of an underlying asset at a set price within a specified time.
Historical Rate
An exchange rate used for converting transactions that have already occurred, based on the rate in effect at the time of the transaction.
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