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The function f(x)=500e 062x represents the rate of flow of money in dollars per year. Assume a 15-year period at 4% compounded continuously Find (A)
The function f(x)=500e 062x represents the rate of flow of money in dollars per year. Assume a 15-year period at 4% compounded continuously Find (A) the present value, and (B) the accumulated amount of money flow at t=15 (A) The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) (B) The accumulated amount of money flow at t= 15 is $ (Do not round until the final answer. Then round to the nearest cent as needed)
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