Each of the functions in Exercises represents the rate of flow of money in dollars per year.
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Each of the functions in Exercises represents the rate of flow of money in dollars per year. Assume a 10-year period at 8% compounded continuously and find the following:
(a) The present value;
(b) The accumulated amount of money flow at T = 10.
ƒ(t) = 800e0.05t
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t 800e 005t a The present value is ...View the full answer
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