Suppose that a vending machine company is considering selling some of its machines. Suppose further that the

Question:

Suppose that a vending machine company is considering selling some of its machines. Suppose further that the income from these particular machines is a continuous stream with an annual rate of flow at time t given by f (t)=12e-0.4(t+3) in thousands of dollars per year. Find the present value and of the machines over the next 5 years if money is worth 10% compounded continuously.
Future Value
Future value (FV) is the value of a current asset at a future date based on an assumed rate of growth. The future value (FV) is important to investors and financial planners as they use it to estimate how much an investment made today will be worth...