The function represents the rate of flow of money (in dollars per year) over the given time period, compounded continuously at the given annual interest rate. Find the present value. ƒ(t) = 2000, 3 years, 3%

The function represents the rate of flow of money (in dollars per year) over the given time period, compounded continuously at the given annual interest rate. Find the present value. ƒ(t) = 2000, 3 years, 3%

Algebra & Trigonometry with Analytic Geometry

13th Edition

ISBN:9781133382119

Author:Swokowski

Publisher:Swokowski

Chapter5: Inverse, Exponential, And Logarithmic Functions

Section5.3: The Natural Exponential Function

Problem 9E

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The function represents the rate of flow of money (in dollars per year) over the given time period, compounded continuously at the given annual interest rate. Find the present value.

ƒ(t) = 2000, 3 years, 3%

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