Suppose a continuous income stream has an annual rate of flow f(t) = 85e -0.01t , in

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Suppose a continuous income stream has an annual rate of flow f(t) = 85e^-0.01t, in thousands of dollars per year, and the current interest rate is 7% compounded continuously.

(a) Find the total income over the next 12 years.

(b) Find the present value over the next 12 years.

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Mathematical Applications For The Management, Life And Social Sciences

ISBN: 9781337625340

12th Edition

Authors: Ronald J. Harshbarger, James J. Reynolds

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Question Posted: Nov 16, 2020 02:27 AM

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Suppose a continuous income stream has an annual rate of flow f(t) = 85e -0.01t , in

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Mathematical Applications For The Management, Life And Social Sciences

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