Give typing answer with explanation and conclusion A charity receives donations from a family trust at the rate of f(t) = 12,000 + 400t dollars per year for the next 15 years. If the charity invests the income at an annual rate of 5.3% (compounded continuously), what is the future value of the income? (Round your answer to two decimal places.) What is the present value? (Round your answer to two decimal places.)
Give typing answer with explanation and conclusion A charity receives donations from a family trust at the rate of f(t) = 12,000 + 400t dollars per year for the next 15 years. If the charity invests the income at an annual rate of 5.3% (compounded continuously), what is the future value of the income? (Round your answer to two decimal places.) What is the present value? (Round your answer to two decimal places.)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Give typing answer with explanation and conclusion
A charity receives donations from a family trust at the rate of f(t) = 12,000 + 400t dollars per year for the next 15 years. If the charity invests the income at an annual rate of 5.3% (compounded continuously), what is the future value of the income? (Round your answer to two decimal places.)
What is the present value? (Round your answer to two decimal places.)
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