An investment produces a continuous income stream at the rate of A(t) thousand dollars per year at

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An investment produces a continuous income stream at the rate of A(t) thousand dollars per year at time t, where A(t) = 10e¹^−0.05t The prevailing rate of interest is 5% per year compounded continuously.

a. What is the future value of the investment over a term of 5 years (0 ≤ t ≤ 5)?

b. What is the present value of the investment over the time period 1 ≤ t ≤ 3?

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Calculus For Business, Economics And The Social And Life Sciences

ISBN: 9780073532387

11th Brief Edition

Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price

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An investment produces a continuous income stream at the rate of A(t) thousand dollars per year at

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Calculus For Business, Economics And The Social And Life Sciences

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