Answer:
$2,459.21
Step-by-step explanation:
(see attached for reference)
recall that the formula for compound interest is:
A = P [ 1 + (r/n)^ (nt) ]
where,
A = Final amount ( we are asked to find this)
P = principal amount = given as $2,340
r = Annual Interest Rate = given as 5% = 0.05
n = number of times compounded in a year = 4 (compounded quarterly)
t= time = 1 year
Substituting the values into the equation,
A = P [ 1 + (r/n)^ (nt) ]
A = 2,340 [ 1 + (0.05/4)^ (4·1) ]
A = $2,459.21
Replace x with π/2 - x to get the equivalent integral
but the integrand is even, so this is really just
Substitute x = 1/2 arccot(u/2), which transforms the integral to
There are lots of ways to compute this. What I did was to consider the complex contour integral
where γ is a semicircle in the complex plane with its diameter joining (-R, 0) and (R, 0) on the real axis. A bound for the integral over the arc of the circle is estimated to be
which vanishes as R goes to ∞. Then by the residue theorem, we have in the limit
and it follows that