Homework Help is Here – Start Your Trial Now!
Math
Calculus
-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. .03t *A. P= √ (9000 e -·03ª) e ¯ (.05) ₁ 0.05. OB. P= e √ O) c `O ¹a The present value is $ 37088.99 (Do not round until the final answer. Then round to the nearest cent as needed.) (b) Set up the integral used to find the accumulated amount of money flow at T = 5. Select the correct choice below and fill in any answer boxes within your choice. 50

-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. .03t *A. P= √ (9000 e -·03ª) e ¯ (.05) ₁ 0.05. OB. P= e √ O) c `O ¹a The present value is $ 37088.99 (Do not round until the final answer. Then round to the nearest cent as needed.) (b) Set up the integral used to find the accumulated amount of money flow at T = 5. Select the correct choice below and fill in any answer boxes within your choice. 50

College Algebra
College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 60SE: The formula for the amount A in an investmentaccount with a nominal interest rate r at any timet is...
See similar textbooks
icon
Related questions
Question
-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. 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. - (.05) ¹ dt A. P= .03t S (9000 e 0 0.05. OB. P= e [ ( e-(0)¹dt The present value is $37088.99 (Do not round until the final answer. Then round to the nearest cent as needed.) (b) Set up the integral used to find the accumulated amount of money flow at T = 5. Select the correct choice below and fill in any answer boxes within your choice. OA.Pz De 0 0.05.5 B. p=e -(.05) t 9000 e -.03t dt The accumulated amount of money flow at T = 5 is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:-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. 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. - (.05) ¹ dt A. P= .03t S (9000 e 0 0.05. OB. P= e [ ( e-(0)¹dt The present value is $37088.99 (Do not round until the final answer. Then round to the nearest cent as needed.) (b) Set up the integral used to find the accumulated amount of money flow at T = 5. Select the correct choice below and fill in any answer boxes within your choice. OA.Pz De 0 0.05.5 B. p=e -(.05) t 9000 e -.03t dt The accumulated amount of money flow at T = 5 is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Algebra and Trigonometry (MindTap Course List)
Algebra and Trigonometry (MindTap Course List)
Algebra
ISBN:
9781305071742
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Linear Algebra: A Modern Introduction
Linear Algebra: A Modern Introduction
Algebra
ISBN:
9781285463247
Author:
David Poole
Publisher:
Cengage Learning
Functions and Change: A Modeling Approach to Coll…
Functions and Change: A Modeling Approach to Coll…
Algebra
ISBN:
9781337111348
Author:
Bruce Crauder, Benny Evans, Alan Noell
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage
Trigonometry (MindTap Course List)
Trigonometry (MindTap Course List)
Trigonometry
ISBN:
9781337278461
Author:
Ron Larson
Publisher:
Cengage Learning
SEE MORE TEXTBOOKS