Find the present value of a $50, 000 annual income stream if it is invested immediately as it is received into an account paying 10 % interest compounded continuously for 15 years. Round your answer to the nearest cent. 11156.51 TIP Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity
Find the present value of a $50, 000 annual income stream if it is invested immediately as it is received into an account paying 10 % interest compounded continuously for 15 years. Round your answer to the nearest cent. 11156.51 TIP Enter your answer as an integer or decimal number. Examples: 3, -4, 5.5172 Enter DNE for Does Not Exist, oo for Infinity
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 38E
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