Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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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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