Problem

Business: Insurance Reserves An insurance company keeps reserves (money to pay claims) o...

Business: Insurance Reserves An insurance company keeps reserves (money to pay claims) of R(v) = 2v0.3, where v is the value of all of its policies, and the value of its policies is predicted to be v(t) = 60+3t, where t is the number of years from now. (Both R and v are in millions of dollars.) Express the reserves R as a function of t, and evaluate the function at t = 10.

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