Someone invests a constant stream of $450 per year at a continuously compounding interest rate of 5%. What is the present value of this continuous stream if it continues for 50 years? Round your answer to the nearest dollar, and do not include the dollar sign.
Someone invests a constant stream of $450 per year at a continuously compounding interest rate of 5%. What is the present value of this continuous stream if it continues for 50 years? Round your answer to the nearest dollar, and do not include the dollar sign.
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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Someone invests a constant stream of $450 per year at a continuously compounding interest rate of 5%. What is the present value of this continuous stream if it continues for 50 years? Round your answer to the nearest dollar, and do not include the dollar sign.
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