It is estimated that t years from now an apartment complex will be generating profit for its
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It is estimated that t years from now an apartment complex will be generating profit for its owner at the rate of f(t) = 80,000 + 500t dollars per year, dispensed continuously. If the profit is generated in perpetuity and the prevailing annual interest rate remains fixed at 5% compounded continuously, what is the present value of the apartment complex?
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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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