Question: T f(t) er(Tt)dt. Compute the future value (in dollars) If income is continuously collected at a rate of f(t) dollars per year and will be

T f(t) er(Tt)dt. Compute the future value (in dollars) If income is continuously collected at a rate of f(t) dollars per year and will be invested at a constant interest rater (compounded continuously) for a period of T years, then the future value of the income is given by after 7 years for income received at a rate of f(t) = 6,000e0.03t dollars per year and invested at 6.8% interest. (Round your answer to the nearest cent.) $ Need Help? Read It Submit Answer MY NOTES ASK YOUR TEACHER PRACTICE ANOTHER [-/1 Points] DETAILS fres f(t) er(T- t)dt. If income is continuously collected at a rate of f(t) dollars per year and will be invested at a constant interest rate r (compounded continuously) for a period of T years, then the future value of the income is given by The present value of an income stream is the amount that would need to be invested now to match the future value as described above and is given by S f(t) et dt. Find the present value of income received at a rate of f(t) = 7,000e0.05t dollars per year and invested at 6.2% interest for 7 years. (Round your answer to the nearest cent.) $ Need Help? Read It
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
