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The function f(t)=8000e^-0.02t represents the rate of flow of money in dollars per year. Assume a 20-year period at 8% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T=20 20 8000e (8000e -0.02 +) - (0.08) + ++ The present value is (Do not round until the final answer. Then round to the nearest cent as needed.) Set up the integral used to find the accumulated amount of money flow at T= The accumulated amount of money flow at T=is (Do not round until the final answer. Then round to the nearest cent as needed.)

The function f(t)=8000e^-0.02t represents the rate of flow of money in dollars per year. Assume a 20-year period at 8% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T=20 20 8000e (8000e -0.02 +) - (0.08) + ++ The present value is (Do not round until the final answer. Then round to the nearest cent as needed.) Set up the integral used to find the accumulated amount of money flow at T= The accumulated amount of money flow at T=is (Do not round until the final answer. Then round to the nearest cent as needed.)

Calculus For The Life Sciences
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter7: Integration
Section7.EA: Extended Application Estimating Depletion Dates For Minerals
Problem 4EA
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The function f(t)=8000e^-0.02t represents the rate of flow of money in dollars per year. Assume a 20-year period at 8% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T=20 20 8000e (8000e -0.02 +) - (0.08) + ++ The present value is (Do not round until the final answer. Then round to the nearest cent as needed.) Set up the integral used to find the accumulated amount of money flow at T= The accumulated amount of money flow at T=is (Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:The function f(t)=8000e^-0.02t represents the rate of flow of money in dollars per year. Assume a 20-year period at 8% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T=20 20 8000e (8000e -0.02 +) - (0.08) + ++ The present value is (Do not round until the final answer. Then round to the nearest cent as needed.) Set up the integral used to find the accumulated amount of money flow at T= The accumulated amount of money flow at T=is (Do not round until the final answer. Then round to the nearest cent as needed.)
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