Chapter 5, Problem 82RE

### Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919

Chapter
Section

### Calculus: An Applied Approach (Min...

10th Edition
Ron Larson
ISBN: 9781305860919
Textbook Problem
1 views

# Finding the Amount of an Annuity In Exercises 81 and 82, find the amount of an annuity with income function c(t), interest rate r, and term T. c ( t ) = $1200 , r = 7 % , T = 8 years To determine To calculate: The annuity amount with the provided income function c(t)=$1200, interest rate r=7% and term T=8 yr.

Explanation

Given information:

The provided income function is c(t)=$1200, interest rate r=7% and term T=8 yr. Formula used: Annuity of an amount can be calculated as: Amount of annuity=erT0Tc(t)ertdt Fundamental theorem of calculus: abf(x)dx=F(x)]ab =F(b)F(a) Calculation: Consider provided income function is c(t)=$1200, interest rate r=7% and term T=8 yr.

To calculate the annuity, use annuity formula as shown below:

Amount of annuity=erT0Tc(t)ertdt

Substitute the value of c(t)=\$1200,r=7%,T=8yr in above formula,

erT0Tc(t)ertdt=e0

### Still sussing out bartleby?

Check out a sample textbook solution.

See a sample solution

#### The Solution to Your Study Problems

Bartleby provides explanations to thousands of textbook problems written by our experts, many with advanced degrees!

Get Started

#### Solve the equations in Exercises 126. 4xx313x4x31x31=0

Finite Mathematics and Applied Calculus (MindTap Course List)

#### Solve the equations in problems 1-6 6.

Mathematical Applications for the Management, Life, and Social Sciences

#### ∫ sin 3x cos 6x dx =

Study Guide for Stewart's Single Variable Calculus: Early Transcendentals, 8th

#### The directrix of the conic given by is:

Study Guide for Stewart's Multivariable Calculus, 8th