Question: I need help on my Homework The function f(t) = 5000e- 0.01t represents the rate of flow of money in dollars per year. Assume a
I need help on my Homework

The function f(t) = 5000e- 0.01t represents the rate of flow of money in dollars per year. Assume a 20-year period at 4% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T = 20. a. The present value is $ (Do not round until the final answer. Then round to the nearest cent as needed.) b. The accumulated amount of money flow at T = 20 is $. (Do not round until the final answer. Then round to the nearest cent as needed.)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
