A money market fund has a continuous flow of money at a rate of f(x)=1500x-170x2 for 10 years. Find the final amount if interest is earned at 8% compounded continuosly
A money market fund has a continuous flow of money at a rate of f(x)=1500x-170x2 for 10 years. Find the final amount if interest is earned at 8% compounded continuosly
Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 29PS: What rate of interest to the nearest hundredth of percent is needed so that an investment of 2500...
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A money market fund has a continuous flow of money at a rate of f(x)=1500x-170x2 for 10 years. Find the final amount if interest is earned at 8% compounded continuosly.
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