Find the present value of a continuous stream of income over 4 years when the rate of income is constant at $33,000 per year and the interest rate is 6%. ... The present value is $ (Round to the nearest dollar as needed.)
Find the present value of a continuous stream of income over 4 years when the rate of income is constant at $33,000 per year and the interest rate is 6%. ... The present value is $ (Round to the nearest dollar as needed.)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Find the present value of a continuous stream of income over 4 years when the rate of
income is constant at $33,000 per year and the interest rate is 6%.
...
The present value is $
(Round to the nearest dollar as needed.)
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