Find the present value of a 30 year annuity if R(t) thousand dollars per year is paid into it in a continuous stream and it is continuously earning interest at an annual rate of 6.15%. (Give your answer correct to 3 decimal places.) R(t)= 326 +1.06-t
Find the present value of a 30 year annuity if R(t) thousand dollars per year is paid into it in a continuous stream and it is continuously earning interest at an annual rate of 6.15%. (Give your answer correct to 3 decimal places.) R(t)= 326 +1.06-t
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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Transcribed Image Text:Find the present value of a 30 year annuity if R(t) thousand dollars per year is paid into it in a continuous stream and it is continuously earning interest at an annual rate of 6.15%. (Give your answer correct to 3 decimal places.)
R (t) = 326 +1.06. t
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