Income received at the rate of R(t)=2500⋅e0.049tR(t)=2500⋅e0.049tdollars per year, which can then be invested at 3.6% (compounded continuously) for 30 years.   Make sure you give an answer to each part! a) To the nearest cent, find the total value of the income stream over this time interval.   b) To the nearest cent, find the present value of the income stream over this time interval.   c) To the nearest cent, find the future value of the income stream over this time interval.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Income received at the rate of R(t)=2500⋅e0.049tR(t)=2500⋅e0.049tdollars per year, which can then be invested at 3.6% (compounded continuously) for 30 years.

 

Make sure you give an answer to each part!

a) To the nearest cent, find the total value of the income stream over this time interval.

 

b) To the nearest cent, find the present value of the income stream over this time interval.

 

c) To the nearest cent, find the future value of the income stream over this time interval.

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