Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Someone invests a constant stream of $ 7,800 per year at a continuously compounding interest rate of 3.5 % . What is the present value

Someone invests a constant stream of $7,800 per year at a continuously compounding interest rate of 3.5%. What is the present value of this continuous stream if it continues for 15 years? Round your answer to the nearest dollar, and do not include the dollar sign.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Sustainability In Energy Business And Finance Approaches And Developments In The Energy Market

Authors: Hasan Dinçer , Serhat Yüksel

1st Edition

3030940500,3030940519

More Books

Students also viewed these Finance questions