The function f(t)=1400t-100t^2 represents the rate of flow of money in dollars per year. Assume a 10-year period at 8% compounded continuously. Find (a) the present value and (b) the accumulated amount of money flow at T=10. The present value is (Do not round until the final answer. Then round to the nearest cent as needed.) The accumulated amount of money flow at T=10 is (Do not round until the final answer. Then round to the nearest cent as needed.)
The function f(t)=1400t-100t^2 represents the rate of flow of money in dollars per year. Assume a 10-year period at 8% compounded continuously. Find (a) the present value and (b) the accumulated amount of money flow at T=10. The present value is (Do not round until the final answer. Then round to the nearest cent as needed.) The accumulated amount of money flow at T=10 is (Do not round until the final answer. Then round to the nearest cent as needed.)
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter7: Integration
Section7.EA: Extended Application Estimating Depletion Dates For Minerals
Problem 4EA
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![The function f(t)=1400t-100t^2 represents the
rate of flow of money in dollars per year.
Assume a 10-year period at 8% compounded
continuously. Find (a) the present value and
(b) the accumulated amount of money flow at
T=10.
The present value is
(Do not round until the final answer. Then
round to the nearest cent as needed.)
The accumulated amount of money flow at
T=10 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%2F20b5f35d-dd0e-4b92-b0c1-a36c9ac583a6%2F3efzt8_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The function f(t)=1400t-100t^2 represents the
rate of flow of money in dollars per year.
Assume a 10-year period at 8% compounded
continuously. Find (a) the present value and
(b) the accumulated amount of money flow at
T=10.
The present value is
(Do not round until the final answer. Then
round to the nearest cent as needed.)
The accumulated amount of money flow at
T=10 is
(Do not round until the final answer. Then
round to the nearest cent as needed.)
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