-0.03t The function f(t) = 9000 e represents the rate of flow of money in dollars per year. Assume a 5-year period at 5% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T = 5. (a) Set up the integral used to find the present value. Select the correct choice below and fill in any answer boxes within your choice. .03t *A. P= √ (9000 e -·03ª) e ¯ (.05) ₁ 0.05. OB. P= e √ O) c `O ¹a The present value is $ 37088.99 (Do not round until the final answer. Then round to the nearest cent as needed.) (b) Set up the integral used to find the accumulated amount of money flow at T = 5. Select the correct choice below and fill in any answer boxes within your choice. 50

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter9: Quadratic Functions And Equations
Section9.9: Combining Functions
Problem 2AGP
Question
-0.03t
The function f(t) = 9000 e represents the rate of flow of money in dollars per year. Assume a 5-year period at 5% compounded continuously. Find (a) the
present value, and (b) the accumulated amount of money flow at T = 5.
C
(a) Set up the integral used to find the present value. Select the correct choice below and fill in any answer boxes within your choice.
- (.05) ¹ dt
A. P=
.03t
S (9000 e
0
0.05.
OB. P= e
[ ( e-(0)¹dt
The present value is $37088.99
(Do not round until the final answer. Then round to the nearest cent as needed.)
(b) Set up the integral used to find the accumulated amount of money flow at T = 5. Select the correct choice below and fill in any answer boxes within your choice.
OA.Pz
De
0
0.05.5
B. p=e
-(.05) t
9000 e
-.03t
dt
The accumulated amount of money flow at T = 5 is $
(Do not round until the final answer. Then round to the nearest cent as needed.)
Transcribed Image Text:-0.03t The function f(t) = 9000 e represents the rate of flow of money in dollars per year. Assume a 5-year period at 5% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at T = 5. C (a) Set up the integral used to find the present value. Select the correct choice below and fill in any answer boxes within your choice. - (.05) ¹ dt A. P= .03t S (9000 e 0 0.05. OB. P= e [ ( e-(0)¹dt The present value is $37088.99 (Do not round until the final answer. Then round to the nearest cent as needed.) (b) Set up the integral used to find the accumulated amount of money flow at T = 5. Select the correct choice below and fill in any answer boxes within your choice. OA.Pz De 0 0.05.5 B. p=e -(.05) t 9000 e -.03t dt The accumulated amount of money flow at T = 5 is $ (Do not round until the final answer. Then round to the nearest cent as needed.)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 3 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Big Ideas Math A Bridge To Success Algebra 1: Stu…
Algebra
ISBN:
9781680331141
Author:
HOUGHTON MIFFLIN HARCOURT
Publisher:
Houghton Mifflin Harcourt
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
College Algebra (MindTap Course List)
College Algebra (MindTap Course List)
Algebra
ISBN:
9781305652231
Author:
R. David Gustafson, Jeff Hughes
Publisher:
Cengage Learning