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Suppose spending for a wireless communications services (in billions of dollars per year) can be modeled by the function where
represents 1995. Use
equal subdivisions with right-hand endpoints to approximate the area under the graph of S(t) between
and
. Round your answer to one decimal place.
Financial Return
The profit or loss generated on an investment over a particular period, expressed as a percentage of the investment's initial cost.
Rate of Return
The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.
Present Value
The present value of a future amount of money or series of cash flows, discounted at a certain rate of return.
Cash Flows
The total amount of money being transferred into and out of a business, particularly in the context of operating, investing, and financing activities.
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