For the year ending December 31 2017 sales for Company Y

Last updated: 5/26/2023

For the year ending December 31 2017 sales for Company Y were 65 71 billion Beginning January 1 2018 Company Y plans to invest 6 5 of their sales amount each year and they expect their sales to increase by 4 each year over the next three years Company Y invests into an account earning an APR of 1 9 compounded continuously Assume a continuous income stream How much money will be in the investment account on December 31 2020 Round your answer to three decimal places billion dollars How much money did Company Y invest in the account between January 1 2018 and December 31 2020 Round your answer to three decimal places billion dollars How much interest did Company Y earn on this investment between January 1 2018 and December 31 2020 Round your answer to three decimal places If intermediate values are used be sure to use the unrounded values to determine the answer billion dollars