Future Value of an Investment The newly opened Mario's Trattoria is expected to produce a continuous income stream at the rate of R(t) = 140,000 dollars/year for the next 4 years. If the prevailing interest rate is 3.6%/year compounded continuously, find the future value of this income stream. (Round your answer to two decimal places.)
Future Value of an Investment The newly opened Mario's Trattoria is expected to produce a continuous income stream at the rate of R(t) = 140,000 dollars/year for the next 4 years. If the prevailing interest rate is 3.6%/year compounded continuously, find the future value of this income stream. (Round your answer to two decimal places.)
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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