The function f(t)=1200 represents the rate of flow of money in dollars per year. Assume a 20-year period at 85% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T=20 20 1200-(0.05) dt The present value is (Do not round until the final answer. Then round to the nearest cent as needed.) Set up the integral used to find the accumulated amount of money flow at t=20 The accumulated amount of money flow at t=5 is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
The function f(t)=1200 represents the rate of flow of money in dollars per year. Assume a 20-year period at 85% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T=20 20 1200-(0.05) dt The present value is (Do not round until the final answer. Then round to the nearest cent as needed.) Set up the integral used to find the accumulated amount of money flow at t=20 The accumulated amount of money flow at t=5 is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
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...
Question
I need help on my homework
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Intermediate Algebra
Algebra
ISBN:
9781285195728
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning
Algebra for College Students
Algebra
ISBN:
9781285195780
Author:
Jerome E. Kaufmann, Karen L. Schwitters
Publisher:
Cengage Learning