Present Value In Exercises find the present value P of a continuous income flow of c(t) dollars
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Present Value In Exercises find the present value P of a continuous income flow of c(t) dollars per year for
where t1, is the time in years and r is the annual interest rate compounded continuously.
Transcribed Image Text:
P = c(t)e-rt dt
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ct 30000 500t r 7 t 5 P 30000 500te0071 d...View the full answer
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