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An heiress receives an income stream from a will at a rate of f(t) = 40,000e0.023t...

An heiress receives an income stream from a will at a rate of

f(t) = 40,000e0.023t

dollars per year.

She invests this income and earns 4.7% 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.
$

Math   Calculus   
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