Solving A = Pe rt for P, we obtain P = Ae -rt which is the present
Question:
Solving A = Pert for P, we obtain
P = Ae-rt
which is the present value of the amount A due in t years if money earns interest at an annual nominal rate r compounded continuously.
(A) Graph P = 10,000e-0.08t, 0 ≤ t ≤ 50.
Transcribed Image Text:
(B) lim 10,000e e-0.08t
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Related Book For
College Mathematics For Business Economics, Life Sciences, And Social Sciences
ISBN: 978-0134674148
14th Edition
Authors: Raymond Barnett, Michael Ziegler, Karl Byleen, Christopher Stocker
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