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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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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