-0.03t The function f(t) = 9000 e represents the rate of flow of money in dollars per year. Assume a 5-year period at 5% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T = 5. (a) Set up the integral used to find the present value. Select the correct choice below and fill in any answer boxes within your choice. OA.P= dt 0 OB. P= e Joe 0.05. 0

Linear Algebra: A Modern Introduction
4th Edition
ISBN:9781285463247
Author:David Poole
Publisher:David Poole
Chapter6: Vector Spaces
Section6.7: Applications
Problem 13EQ
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The function f(t) = 9000 e -0.03t represents the rate of flow of money in dollars per year. Assume a 5-year period at 5% compounded continuously. Find (a) the
present value, and (b) the accumulated amount of money flow at T = 5.
C
(a) Set up the integral used to find the present value. Select the correct choice below and fill in any answer boxes within your choice.
O A. P=
P-10
dt
0
OB. Pe
Pop-
0.05.
0
Transcribed Image Text:The function f(t) = 9000 e -0.03t represents the rate of flow of money in dollars per year. Assume a 5-year period at 5% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T = 5. C (a) Set up the integral used to find the present value. Select the correct choice below and fill in any answer boxes within your choice. O A. P= P-10 dt 0 OB. Pe Pop- 0.05. 0
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