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Find the Total Value of the Given Income Stream and Also

Question 3

Essay

Find the total value of the given income stream and also find its future value (at the end of the given interval) using the given interest rate.
R(t)=20,000+3,000tR ( t ) = 20,000 + 3,000 t , 0t150 \leq t \leq 15 , at 10%

Please enter your answer in the form TV = , FV = . Round FV to the nearest cent.

TV = $__________ FV = $__________

Correct Answer:

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