A continuous income stream has an annual rate of flow at time t given by f(t) = 12,000e°.02t (dollars per year). If money is worth 4% compounded continuously, find the present value of this stream for the next 3 years. (Round your answer to the nearest dollar.)
A continuous income stream has an annual rate of flow at time t given by f(t) = 12,000e°.02t (dollars per year). If money is worth 4% compounded continuously, find the present value of this stream for the next 3 years. (Round your answer to the nearest dollar.)
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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