A continuous income stream has an annual rate of flow at time t given: f(t)=9000e^(0.12t) (dollars per year) If money is worth 8% compounded continuously, find the present value of this stream for the next 8 years.
A continuous income stream has an annual rate of flow at time t given: f(t)=9000e^(0.12t) (dollars per year) If money is worth 8% compounded continuously, find the present value of this stream for the next 8 years.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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A continuous income stream has an annual rate of flow at time t given:
f(t)=9000e^(0.12t) (dollars per year)
If money is worth 8% compounded continuously, find the present value of this stream for the next 8 years.
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