Suppose that a machine's production can be considered as a continuous income stream with annual rate of
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annual rate of flow at time t given by f (t)=10,000-500t (dollars per year) If money is worth 10%, compounded continuously, find the present value of the machine over the next 5 years.
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Mathematical Applications for the Management Life and Social Sciences
ISBN: 978-1305108042
11th edition
Authors: Ronald J. Harshbarger, James J. Reynolds
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