Suppose that the rate of flow of a continuous income stream is given by f (t) =500t (in thousands of dollars per year). If money is worth 7% compounded continuously, then the present value of this stream over the next 5 years is given by Present value = f50 500 e-0.07t dt Use the Trapezoidal Rule with n =5 to approximate this present value.
Round all calculations to 2 decimal places