Find the future value at 7%,compounded continuously, for 4 years of a continuous income stream with a rate of flow given by the following function. f(t)=800−200t The future value of the continuous income stream is approximately $______________ (Round to the nearest whole number as needed.)
Find the future value at 7%,compounded continuously, for 4 years of a continuous income stream with a rate of flow given by the following function. f(t)=800−200t The future value of the continuous income stream is approximately $______________ (Round to the nearest whole number as needed.)
Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
6th Edition
ISBN:9781337111348
Author:Bruce Crauder, Benny Evans, Alan Noell
Publisher:Bruce Crauder, Benny Evans, Alan Noell
ChapterP: Prologue: Calculator Arithmetic
Section: Chapter Questions
Problem 35SBE: Future Value In certain savings scenarios, the value F of an investment after t years, the future...
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Question
Find the future value at 7%,compounded continuously, for 4
years of a continuous income stream with a rate of flow given by the following function.
years of a continuous income stream with a rate of flow given by the following function.
f(t)=800−200t
The future value of the continuous income stream is approximately
$______________
(Round to the nearest whole number as needed.)
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