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:
Se P = c(t)e-rt dt
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ct 100000 4000t r 5 t 10 10 P 1000004000 e005t d...View the full answer
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