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Could you explain this calculation. Look at the arrow. The present value of the payment stream at time 9 is: (0.8t-6.4)exp-(0.025-0.16) ds dt (0.8t-6.4)exp0.01s2 -0.16s

Could you explain this calculation. Look at the arrow. image text in transcribed

The present value of the payment stream at time 9 is: (0.8t-6.4)exp-(0.025-0.16) ds dt (0.8t-6.4)exp0.01s2 -0.16s dt - (0.8t-6.4) exp(-0.012+0.16t-0.63) t =-40| expl-001t2 +0.16t-0.63 )-91

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