An investment produces a perpetual stream of income with a flow rate of R(t) = 800 e 0.03t. Find the capital value at an interest rate of 8% compounded continuously. The capital value is $

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 5E
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An investment produces a perpetual stream of income with a flow rate of R(t) = 800 e
,0.03t
Find the capital value at an interest rate of 8% compounded continuously.
The capital value is $
Transcribed Image Text:An investment produces a perpetual stream of income with a flow rate of R(t) = 800 e ,0.03t Find the capital value at an interest rate of 8% compounded continuously. The capital value is $
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