Find the present value of a $30, 000 annual income stream if it is invested immediately as it is received into account paying 11% interest compounded continuously for 20 years. Round your answer to the nearest ce $ TIP Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity Get Help: eBook Video
Find the present value of a $30, 000 annual income stream if it is invested immediately as it is received into account paying 11% interest compounded continuously for 20 years. Round your answer to the nearest ce $ TIP Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity Get Help: eBook Video
Chapter5: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 37CT: On the day a grandchild is born, a grandparent deposits $2500 in a fund earning 7.5% interest,...
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