The function f(t)=4000e 0.04 represents the rate of flow of money in dollars per year. Assume a 15-year period
at 8% compounded continuously. Find (a) the present value, and (b) the accumulated amount of money flow at
T=15.
a. The present value is $
(Do not round until the final answer. Then round to the nearest cent as needed.)
b. The accumulated amount of money flow at T= 15 is $
(Do not round until the final answer. Then round to the nearest cent as needed.)