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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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.)
Transcribed Image Text: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.)
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