Determine the unknown parameter

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Reference no: EM131594559

Consdier the money flow f(t) = a · e^0.013t, for some unknown parameter a. Suppose this money flow is directed into a continuously compounding account with interest rate 2.6%, and that at the end of 20 years the account balance is $ 59245.78. Determine the unknown parameter a.

Reference no: EM131594559

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