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Present Value of an Investment Suppose an investment is expected to generate income at the rate of R(t) = 200,000 dollars/year for the next 4 years. Find the present value of this investment if the prevailing interest rate is 6%/year compounded continuously. (Round your answer to the nearest whole number.) $

Present Value of an Investment Suppose an investment is expected to generate income at the rate of R(t) = 200,000 dollars/year for the next 4 years. Find the present value of this investment if the prevailing interest rate is 6%/year compounded continuously. (Round your answer to the nearest whole number.) $

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Present Value of an Investment Suppose an investment is expected to generate income at the rate of R(t) = 200,000 dollars/year for the next 4 years. Find the present value of this investment if the prevailing interest rate is 6%/year compounded continuously. (Round your answer to the nearest whole number.) $
Transcribed Image Text:Present Value of an Investment Suppose an investment is expected to generate income at the rate of R(t) = 200,000 dollars/year for the next 4 years. Find the present value of this investment if the prevailing interest rate is 6%/year compounded continuously. (Round your answer to the nearest whole number.) $
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