Find the present value of a continuous stream of income over 3 years if the rate of income is 80e-0.08t thousand dollars per year at time t and the interest rate is 11%.
Find the present value of a continuous stream of income over 3 years if the rate of income is 80e-0.08t thousand dollars per year at time t and the interest rate is 11%.
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section: Chapter Questions
Problem 9T
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Find the present value of a continuous stream of income over 3 years if the rate of income is 80e-0.08t thousand dollars per year at time t and the interest rate is 11%.
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