Question
Sam received continuous payments at an annual rate of 8t + 5 from time 0 to 10 years. The continuously compounded interest rate is 9%.
Sam received continuous payments at an annual rate of 8t + 5 from time 0 to 10 years. The continuously compounded interest rate is 9%. Determine the present value at time 0
Step by Step Solution
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Step: 1
To find the present value PV of Sams continuous payments we need to use the formula for the present ...
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Contemporary Engineering Economics
Authors: Chan S. Park
5th edition
136118488, 978-8120342095, 8120342097, 978-0136118480
