Chapter 13, Problem 10T

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11th Edition

Ronald J. Harshbarger + 1 other

ISBN: 9781305108042

Textbook Problem

Suppose a continuous income stream has an annual rate of flow

(a) Find the total income over the next 12 years.

(b) Find the present value over the next 12 years.

(c) Find the capital value of the stream.

**(a)**

To determine

**To calculate:** The total income over the next

Explanation

**Given Information:**

For continuous income stream. the annual rate of flow is

**Formula used:**

For continuous stream, the total income for

The exponential rule of integral is

**Calculation:**

Consider the function,

Initially the value of time

The total income is,

**(b)**

To determine

**To calculate:** The present value over the next

**(c)**

To determine

**To calculate:** The capital value of the stream if the annual rate of flow is

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