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Please solve the problems step by step. The function represents the rate of flow of money in dollars per year. Assume a 10-year period and
Please solve the problems step by step.
The function represents the rate of flow of money in dollars per year. Assume a 10-year period and find the present
value.
16) f(x) = 500e^0.04x at 8% compounded continuously
A) $18,647.81 B) $6147.81 C) $20,879.00 D) $4121.00
17) f(x) = 500 at 5% compounded continuously
A) $16,065.31 B) $3934.69 C) $6487.21 D) $6065.31
18) f(x) = 3000x - 100x^2 at 7% compounded continuously
A) $75,483.18 B) $115,298.44 C) $17,174.14 D) $365,037.29
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