4) Someone invests a constant stream of $1,000 per year at a continuously compounding interest rate of 8%. What is the present value of this stream id it continues for 10 years. Round your answer to the nearest dollar.

4) Someone invests a constant stream of $1,000 per year at a continuously compounding interest rate of 8%. What is the present value of this stream id it continues for 10 years. Round your answer to the nearest dollar.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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