Find the present value of a $45, 000 annual income stream if it is invested immediately as it is received into an account paying 9% interest compounded continuously for 10 years. Round your answer to the nearest cent.
Find the present value of a $45, 000 annual income stream if it is invested immediately as it is received into an account paying 9% interest compounded continuously for 10 years. Round your answer to the nearest cent.
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 4PT: An investment account was opened with aninitial deposit of 9,600 and earns 7.4 interest,compounded...
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