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A company has profits of $354,010 this year and expects profits to decrease by 3% per year over the next 7 years. If the
A company has profits of $354,010 this year and expects profits to decrease by 3% per year over the next 7 years. If the profits will be continuously invested in an account bearing 5.4% APR compounded continuously, what is the 7-year present value of this income stream?
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