The function f(t) = 8000 e -0.02t represents the rate of flow of money in dollars per year. Assume a 15-year period at 5% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T = 15. C (a) Set up the integral used to find the present value. Select the correct choice below and fill in any answer boxes within your choice. OA. P= JC dt 0 OB. Pe 0.05. e dt

Functions and Change: A Modeling Approach to College Algebra (MindTap Course List)
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Author:Bruce Crauder, Benny Evans, Alan Noell
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Chapter2: Graphical And Tabular Analysis
Section2.1: Tables And Trends
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The function f(t) = 8000 e -0.02t represents the rate of flow of money in dollars per year. Assume a 15-year period at 5% compounded continuously. Find (a) the
present value, and (b) the accumulated amount of money flow at T = 15.
(a) Set up the integral used to find the present value. Select the correct choice below and fill in any answer boxes within your choice.
O A. P= Joe
dt
0
0.05.
-O'dt
OB. Pe
Transcribed Image Text:The function f(t) = 8000 e -0.02t represents the rate of flow of money in dollars per year. Assume a 15-year period at 5% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T = 15. (a) Set up the integral used to find the present value. Select the correct choice below and fill in any answer boxes within your choice. O A. P= Joe dt 0 0.05. -O'dt OB. Pe
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