Answered: 5. What is the present value of a…

5. What is the present value of a continuous wage flow lasting for 25 years at the constant rate of US$50000? Assume an interest rate of 2.85%. (Hint: Use integrals).

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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