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Question
The annual profit for the H. J. Heinz Company from 1980 through 1989 can be approximated by the model , n=0,1,2, ..., 9 where is the annual profit in millions of dollars and n represents the year, with n=0 corresponding to 1980 . Use the formula for the sum of a geometric sequence to approximate the total profit earned during this 10-year period.
Solution
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1 of 2We want to approximate the profit earned during the 10 years, which is given by , and since we know that , we have:
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