Sam received continuous payments at an annual rate of 8t + 5 from time 0 to 10

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Sam received continuous payments at an annual rate of 8t + 5 from time 0 to 10 years. The continuously compounded interest rate is 9%. Determine the present value at time 0

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Contemporary Engineering Economics

ISBN: 978-0136118480

5th edition

Authors: Chan S. Park

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Posted Date: Feb 26, 2024 12:54 AM

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Sam received continuous payments at an annual rate of 8t + 5 from time 0 to 10

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To find the present value PV of Sams continuous payments we need to use the formula for the present ... View the full answer

Contemporary Engineering Economics

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