Find the accumulated present value of an investment over a 8 year period if there is a continuous money flow of $6,000 per year and the interest rate is 0.5% compounded continuously. Preview %24
Find the accumulated present value of an investment over a 8 year period if there is a continuous money flow of $6,000 per year and the interest rate is 0.5% compounded continuously. Preview %24
College Algebra
7th Edition
ISBN:9781305115545
Author:James Stewart, Lothar Redlin, Saleem Watson
Publisher:James Stewart, Lothar Redlin, Saleem Watson
Chapter8: Sequences And Series
Section8.4: Mathematics Of Finance
Problem 2E
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Transcribed Image Text:Find the accumulated present value of an investment over a 8 year period if there is a continuous money flow of $6,000
per year and the interest rate is 0.5% compounded continuously.
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%24
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