Find the present value of a continuous stream of income over the time from t = 1

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Find the present value of a continuous stream of income over the time from t = 1 to t = 5 years when the interest rate is 10% and the income is produced at the rate of $12,000 per year.

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Calculus And Its Applications

ISBN: 9780134437774

14th Edition

Authors: Larry Goldstein, David Lay, David Schneider, Nakhle Asmar

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