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

P = c(t)e-rt dt

where t1, is the time in years and r is the annual interest rate compounded continuously.

P = c(t)e-rt dt

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