If income is continuously collected at a rate of f(t) dollars per year and will be invested at a constant interest rate r (compounded continuously) for a period of 7 years, then the future value of the income is givenyff(t) erT-Ddt. Compute the future value (in dollars) after 8 years for income received at a rate of f(t) = 9,000€0.0st dollars per year and invested at 6.9% interest. (Round your answer to the nearest cent.)$Need Help? Read It

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If income is continuously collected at a rate of f(t) dollars per year and will be invested at a constant interest rate r (compounded continuously) for a period of 7 years, then the future value of the income is given f(t) e(T-t)dt. Compute the future value (in dollars) after 8 years for income received at a rate of f(t) = 9,000e0.05t dollars per year and invested at 6.9% interest. (Round your answer to the nearest cent.) y [ f(t) er²t $ Need Help? Read It

If income is continuously collected at a rate of f(t) dollars per year and will be invested at a constant interest rate r (compounded continuously) for a period of 7 years, then the future value of the income is given f(t) e(T-t)dt. Compute the future value (in dollars) after 8 years for income received at a rate of f(t) = 9,000e0.05t dollars per year and invested at 6.9% interest. (Round your answer to the nearest cent.) y [ f(t) er²t $ Need Help? Read It

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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