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The function f(t) = 1200 represents the rate of flow of money in dollars per year. Assume a 5-year period at 8% compounded continuously. Find
The function f(t) = 1200 represents the rate of flow of money in dollars per year. Assume a 5-year period at 8% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at t = 5. (a) Set up the integral used to find the present value. Select the correct choice below and fill in any answer boxes within your choice. O A. Pre 0.08. SO dt 0 O B. Pa 0 Click to select your answer(s). The present value is $0 (Do not round until the final answer. Then round to the nearest cent as needed.) (b) Set up the integral used to find the accumulated amount of money flow at t=5. Select the correct choice below and fill in any answer boxes within your choice. O A. A= e 0.08. SO-tat 0 OB. A= SO-Otot 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.) Click to select your answer(s)
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