Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The function f(t) = 700 represents the rate of flow of money in dollars per year. Assume a 15-year period at 8% compounded continuously. Find

image text in transcribed
The function f(t) = 700 represents the rate of flow of money in dollars per year. Assume a 15-year period at 8% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T = 15. . . . . . (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. P= (t) e (x) at O B. P= 0.08 . 0 The present value is $ 6114.55 (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= 15. Select the correct choice below and fill in any answer boxes within your choice. O A. A = at 0 x O B. A= e 0.08 . e (t) e - (x) at The accumulated amount of money flow at t = 15 is $ 20301.02 (Do not round until the final answer. Then round to the nearest cent as needed.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Operating Systems Internals and Design Principles

Authors: William Stallings

8th edition

133805913, 978-0133805918

Students also viewed these Mathematics questions

Question

To what extent is the information reliable and valid?

Answered: 1 week ago

Question

Explain the steps involved in training programmes.

Answered: 1 week ago