Find the accumulated present value of a continuous stream of income at rate R(t) = $233,000, for time T = 18 years and interest rate k = 3%, compounded continuously. The present value is $ (Round to the nearest dollar as needed.)
Find the accumulated present value of a continuous stream of income at rate R(t) = $233,000, for time T = 18 years and interest rate k = 3%, compounded continuously. The present value is $ (Round to the nearest dollar as needed.)
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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