You are offered and investment opportunity that will produce continuous income at a constant rate of 5000
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Question:
You are offered and investment opportunity that will produce continuous income at a constant rate of 5000 dollars/year for 10 years. If the annual interest rate is 7%, continuously compounded, what is the present value of this income stream?
Present value = dollars
Related Book For
Physics
ISBN: 978-0077339685
2nd edition
Authors: Alan Giambattista, Betty Richardson, Robert Richardson
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