Question
Consider a stream of 30-year continuous cash flows with a payment rate of $500t during year t. For instance, the payment rate during year
Consider a stream of 30-year continuous cash flows with a payment rate of $500t during year t. For instance, the payment rate during year 4 is $2000. Calculate its present value at time () given an effective annual rate of 4%. ?
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Microeconomics An Intuitive Approach with Calculus
Authors: Thomas Nechyba
1st edition
538453257, 978-0538453257
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