An investment will generate income continuously at the rate of R(t) = 20 + 3t hundred dollars
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An investment will generate income continuously at the rate of R(t) = 20 + 3t hundred dollars per year for 5 years. If the prevailing interest rate is 7% compounded continuously, what is the present value of the investment?
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PV 203te007tdt u203t and dve007t dt du 3 dt So PV 100 7 1...View the full answer
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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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