The function f(t)=1200 represents the rate of flow of money in dollars per year. Assume a 20-year period at 85% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T=20 20 1200-(0.05) dt The present value is (Do not round until the final answer. Then round to the nearest cent as needed.) Set up the integral used to find the accumulated amount of money flow at t=20 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.)
The function f(t)=1200 represents the rate of flow of money in dollars per year. Assume a 20-year period at 85% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T=20 20 1200-(0.05) dt The present value is (Do not round until the final answer. Then round to the nearest cent as needed.) Set up the integral used to find the accumulated amount of money flow at t=20 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.)
Chapter6: Exponential And Logarithmic Functions
Section6.1: Exponential Functions
Problem 68SE: An investment account with an annual interest rateof 7 was opened with an initial deposit of 4,000...
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![The function f(t)=1200 represents the rate of
flow of money in dollars per year. Assume a
20-year period at 85% compounded
continuously.
Find (a) the present value, and (b) the
accumulated amount of money flow at T=20
20
1200-(0.05) dt
The present value is
(Do not round until the final answer. Then
round to the nearest cent as needed.)
Set up the integral used to find the
accumulated amount of money flow at t=20
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.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2a8d7b81-b687-4706-b3fc-3c6e150f8e58%2Fba37271a-c4c6-4c4e-9c9f-3d69a8e785ec%2F3s6r8bt_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The function f(t)=1200 represents the rate of
flow of money in dollars per year. Assume a
20-year period at 85% compounded
continuously.
Find (a) the present value, and (b) the
accumulated amount of money flow at T=20
20
1200-(0.05) dt
The present value is
(Do not round until the final answer. Then
round to the nearest cent as needed.)
Set up the integral used to find the
accumulated amount of money flow at t=20
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.)
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