The function f(t)=4000e-0.03t represents the rate of flow of money in dollars per year. Assume a 10-year period at 4% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at t=10.
The function f(t)=4000e-0.03t represents the rate of flow of money in dollars per year. Assume a 10-year period at 4% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at t=10.
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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The function f(t)=4000e-0.03t represents the rate of flow of money in dollars per year. Assume a 10-year period at 4% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at t=10.
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