An heiress receives an income stream from a will at a rate of f(t) = 20,000e0.026t dollars per year.
An heiress receives an income stream from a will at a rate of f(t) = 20,000e0.026t dollars per year. She invests this income and earns 4.6% interest (compounded continuously). (Round your answers to two decimal places.)
(a) What is the future value of the income after ten years?
(b) Compute the present value of the income over a ten year period. $ 181269 x Need Help?
Homework Answers
Answers : (a) 287143.90 (b) 181269.25
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An heiress receives an income stream from a will at a rate of f(t) = 20,000e0.026t dollars per year.
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