An investment will generate income continuously at the constant rate of $1,200 per year for 5 years.
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An investment will generate income continuously at the constant rate of $1,200 per year for 5 years. If the prevailing annual interest rate remains fixed at 5% compounded continuously, what is the present value of the investment?
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Related Book For 
Calculus For Business, Economics And The Social And Life Sciences
ISBN: 9780073532387
11th Brief Edition
Authors: Laurence Hoffmann, Gerald Bradley, David Sobecki, Michael Price
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