The newly opened Mario's Trattoria is expected to produce a continuous income stream at the rate of R(t) = 130,000 dollars/year for the next 3 years. If the prevailing interest rate is 3.5%/year compounded continuously, find the future value of this income stream. (Round your answer to two decimal places.

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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Future Value of an Investment

 The newly opened Mario's Trattoria is expected to produce a continuous income stream at the rate of
R(t) = 130,000
dollars/year for the next 3 years. If the prevailing interest rate is 3.5%/year compounded continuously, find the future value of this income stream. (Round your answer to two decimal places.)
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