Suppose that a printing firm considers its production as a continous income stream. If the annual rate of flow at time t is given by f(t) = 97.1e−0.4(t + 3) in thousands of dollars per year, and if money is worth 6% compounded continously, find the present value and future value (in dollars) of the presses over the next 10 years. (Round your answers to the nearest dollar.)
Suppose that a printing firm considers its production as a continous income stream. If the annual rate of flow at time t is given by f(t) = 97.1e−0.4(t + 3) in thousands of dollars per year, and if money is worth 6% compounded continously, find the present value and future value (in dollars) of the presses over the next 10 years. (Round your answers to the nearest dollar.)
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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Suppose that a printing firm considers its production as a continous income stream. If the annual rate of flow at time t is given by f(t) = 97.1e−0.4(t + 3) in thousands of dollars per year, and if money is worth 6% compounded continously, find the present value and future value (in dollars) of the presses over the next 10 years. (Round your answers to the nearest dollar.)
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