Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. the rate of a continuous flow for a company is gro

The rate of a continuous flow for a company is growing exponentially. At the beginning,...

90.2K

Verified Solution

Question

Basic Math

image

The rate of a continuous flow for a company is growing exponentially. At the beginning, the rate was $10,000 per year. By the end ofthe first year, the rate was $10,941.74 per year. Complete parts (a) through (e) below.(a) Determine an exponential function to model the continuous money flow for this company.f(t) = (10,000) (0.09)(b) Find the total money flow for the first 8 years.The total money flow over is $ 117159.25.(c) Find the accumulated amount of money flow at the end of 8 years if the interest rate is 6%, compounded continuously.The accumulated amount of money flow is $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Physics
1.2K views

1 n 1 2 21 1 1 1 I n 1 9 1 n 1...

Finance
1.2K views

Please explain what is investment strategies and what is funding strategies. I just want a breakdown of...

Biology
1.2K views

Which of the following events do biologists consider a random change OA disruptive selection OB...

Biology
1.2K views

You have an unknown plant sample The plant has very few stomata and they open...

Physics
1.2K views

49 A wire carrying a current i is placed in a magnetic field in the...

Physics
1.2K views

Take a long thread Place your hands over y our ears and get someone to...

Algebra
1.2K views

Consider the function f which is a one to one function with values f 3...

Accounting
1.2K views

You spend $2,000 in years 0 thru 5, $2,200 in year 6, $2,400 in year...

Accounting
1.2K views

I'll make sure to rate you! Darby Products uses a job-costing system with two...

Accounting
1.2K views

what were the equivelent units for conversion costs during feb Comfort chair...

Accounting
1.2K views

Using the high low method, which of the following is the correct cost equation using...

Finance
1.2K views

according to The Major Business Organization Forms, (1) Jack & Tom want to start a...