Question: The function f(x)=800 e 0.06x represents the rate of flow of money in dollars per year. Assume a 20-year period at 8% compounded continuously. Find(A)
The function f(x)=800e0.06x represents the rate of flow of money in dollars per year. Assume a 20-year period at 8% compounded continuously. Find(A) the presentvalue, 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 asneeded.)
(B) The accumulated amount of money flow at t=20 is $
(Do not round until the final answer. Then round to the nearest cent asneeded.)
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