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The Revenue (In Dollars Per Year) for a New Product R=10,000[11(1+0.12)1/2]R = 10,000 \left[ 1 - \frac { 1 } { \left( 1 + 0.1 ^ { 2 } \right) ^ { 1 / 2 } } \right]

question 33

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The revenue (in dollars per year) for a new product is modeled by R=10,000[11(1+0.12) 1/2]R = 10,000 \left[ 1 - \frac { 1 } { \left( 1 + 0.1 ^ { 2 } \right) ^ { 1 / 2 } } \right] where t the time in years. Estimate the total revenue from sales of the product over its first 4 years on the market. Round your answer to nearest dollar

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