Question: Present Value In Exercises find the present value P of a continuous income flow of c(t) dollars per year for where t 1 , is
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.
![]()
P = c(t)e-rt dt
Step by Step Solution
3.62 Rating (170 Votes )
There are 3 Steps involved in it
ct 30000 500t r 7 t 5 P 30000 500te0071 d... View full answer
Get step-by-step solutions from verified subject matter experts
