Suppose that a printing firm considers its production as a continuous income stream. If the annual rate of flow at time t is given by f(t) = 98.3e−0.8(t + 3) in thousands of dollars per year, and if money is worth 4% compounded continuously, find the present value and future value (in dollars) of the presses over the next 10 years. (Round your answers to the nearest dollar.)
Suppose that a printing firm considers its production as a continuous income stream. If the annual rate of flow at time t is given by f(t) = 98.3e−0.8(t + 3) in thousands of dollars per year, and if money is worth 4% compounded continuously, find the present value and future value (in dollars) of the presses over the next 10 years. (Round your answers to the nearest dollar.)
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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Suppose that a printing firm considers its production as a continuous income stream. If the annual rate of flow at time t is given by
f(t) = 98.3e−0.8(t + 3)
in thousands of dollars per year, and if money is worth 4% compounded continuously, find the present value and future value (in dollars) of the presses over the next 10 years. (Round your answers to the nearest dollar.)
present value$ future value$
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