Find the accumulated future value of the continuous income stream at rate R(t), for the given time T, and interest rate k, compounded continuously. R(t)= $300,000, T = 18 years, k=8% The accumulated future value is $. (Round to the nearest ten dollars as needed.).

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Find the accumulated future value of the continuous income stream at rate R(t), for the given time T, and interest rate k, compounded continuously.
R(t) = $300,000, T = 18 years, k=8%
The accumulated future value is $.
(Round to the nearest ten dollars as needed.)
Transcribed Image Text:Find the accumulated future value of the continuous income stream at rate R(t), for the given time T, and interest rate k, compounded continuously. R(t) = $300,000, T = 18 years, k=8% The accumulated future value is $. (Round to the nearest ten dollars as needed.)
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