Chapter 6.1, Problem 79E

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10th Edition

Ron Larson

ISBN: 9781305860919

Textbook Problem

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**Future Value** In Exercises 79 and 80, find the future value of the income (in dollars) given by *f(t)* over
*r.* If the function *f* represents a continuous investment over a period of *t*, years at an annual interest rate *r* (in decimal form) compounded continuously, then the future value of the investment is given by

Future value

To determine

**To calculate:** The future value if model

Explanation

**Given information:**

Interest rate is

The provide expression is:

**Formula used:**

**Calculation:**

Consider the expression for future value is,

Where

Here the Interest rate that is,

The time period that is

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