Someone invests a constant stream of $80 per year at a continuously compounding interest rate of 0.1%. 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. Provide your answer below:
Someone invests a constant stream of $80 per year at a continuously compounding interest rate of 0.1%. 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. Provide your answer below:
Chapter6: Exponential And Logarithmic Functions
Section: Chapter Questions
Problem 8RE: Suppose an investment account is opened with aninitial deposit of 10,500 earning 6.25...
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