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The function f(t)=8000 e^ 0.06t represents the rate of flow of money in dollars per year. Assume a 15-year period at 8% compounded continuously. Find(a)
The function f(t)=8000e^0.06t represents the rate of flow of money in dollars per year. Assume a 15-year period at 8% compounded continuously. Find(a) the presentvalue, and(b) the accumulated amount of money flow at t=15.
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