Find the PV of an income stream that pays out continuously at a rate of R(t) = 3000e0.1r dollars per year for 6 years, assuming the interest rate r = 0.05. (Use decimal notation. Give your answer to the nearest cent.) PV = dollar(s)
Find the PV of an income stream that pays out continuously at a rate of R(t) = 3000e0.1r dollars per year for 6 years, assuming the interest rate r = 0.05. (Use decimal notation. Give your answer to the nearest cent.) PV = dollar(s)
Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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