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) = $70,000, T = 18 years, k = 5% The accumulated future value is $. (Round to the nearest ten dollars as needed.)

College Algebra
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ISBN:9781938168383
Author:Jay Abramson
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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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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) = $70,000, T = 18 years, k = 5%
The accumulated future value is $.
(Round to the nearest ten dollars as needed.)
Transcribed Image Text:Se hea 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) = $70,000, T = 18 years, k = 5% The accumulated future value is $. (Round to the nearest ten dollars as needed.)
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