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:

College Algebra
1st Edition
ISBN:9781938168383
Author:Jay Abramson
Publisher:Jay Abramson
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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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:
Transcribed Image Text: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:
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