2 If money is continuously discounted at a rate of r% per year, then $1 earned t...
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2 If money is continuously discounted at a rate of r% per year, then $1 earned t years in the future is equivalent to ert dollars earned at the present time. Use this fact to determine the present value of the income earned in Problem 1.
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Operations Research Applications And Algorithms
ISBN: 9780534380588
4th Edition
Authors: Wayne L. Winston
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