Find the present value P of a continuous income flow of c(t) dollars per year using P = c(t)e-rt dt, where t, is the time in years and r is the annual interest rate compounded continuously. (Round your answer to the nearest dollar.) c(t) = 100,000 + 4000t, r = 5%, = 12
Find the present value P of a continuous income flow of c(t) dollars per year using P = c(t)e-rt dt, where t, is the time in years and r is the annual interest rate compounded continuously. (Round your answer to the nearest dollar.) c(t) = 100,000 + 4000t, r = 5%, = 12
Algebra and Trigonometry (MindTap Course List)
4th Edition
ISBN:9781305071742
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter4: Exponential And Logarithmic Functions
Section4.2: The Natural Exponential Function
Problem 2E
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