Question
An investment will generate income continuously at the constant rate of $12,000 per year for 7 years. If the prevailing annual interest rate remains fixed
An investment will generate income continuously at the constant rate of $12,000 per year for 7 years. If the prevailing annual interest rate remains fixed at 1.7% compounded continuously, what is the present value of the investment?
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Elementary Analysis The Theory Of Calculus
Authors: Kenneth A Ross
2nd Edition
1461462711, 9781461462712
