The function f(x)=800 represents the rate of flow of money in dollars per year. Assume a 15​-year period at 8​% compounded continuously. Find​ (A) the present​ value, and​ (B) the accumulated amount of money flow at t=15.

Cornerstones of Cost Management (Cornerstones Series)
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ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 23E: Assume that an investment of 100,000 produces a net cash flow of 60,000 per year for two years. The...
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The function f(x)=800 represents the rate of flow of money in dollars per year. Assume a 15​-year period at 8​% compounded continuously. Find​ (A) the present​ value, and​ (B) the accumulated amount of money flow at t=15.

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