Find the future value at 6.25% interest, compounded continuously for 5 years, of the continuous income stream with rate of flow f(t) = 2475 e-002t What is the future value of the investment? $ (Round to the nearest dollar as needed.)

Algebra for College Students
10th Edition
ISBN:9781285195780
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter10: Exponential And Logarithmic Functions
Section10.2: Applications Of Exponential Functions
Problem 25PS
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Find the future value at 6.25% interest, compounded continuously for 5 years, of the continuous income stream with rate of flow f(t) = 2475 e-0.02t
What is the future value of the investment?
$ (Round to the nearest dollar as needed.)
Transcribed Image Text:Find the future value at 6.25% interest, compounded continuously for 5 years, of the continuous income stream with rate of flow f(t) = 2475 e-0.02t What is the future value of the investment? $ (Round to the nearest dollar as needed.)
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