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A continuous income stream has an annual rate of flow at time t given by f(t)=12,000e0.03t(dollarsperyear). If money is worth 6% compounded continuously, find the
A continuous income stream has an annual rate of flow at time t given by f(t)=12,000e0.03t(dollarsperyear). If money is worth 6% compounded continuously, find the function that gives the present value PV from 0 to t years. PV(t)= Find the present value of this stream for the next 7 years. (Round your answer to the nearest dollar.) Step by Step Solution
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Options Futures And Other Derivatives
Authors: John C. Hull
4th Edition
0130224448, 9780130224446
