. Suppose an investment is project to generate income at the rate of R(t) = 150,000 dollars per year for the next 4 years. Find the present value of this investment if the prevailing interest rate is 7% per year compounded continuously.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
Problem 29PS: What rate of interest to the nearest hundredth of percent is needed so that an investment of 2500...
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. Suppose an investment is project to generate income at the rate of
R(t) = 150, 000
dollars per year for the next 4 years. Find the present value of this investment
if the prevailing interest rate is 7% per year compounded continuously.
Transcribed Image Text:. Suppose an investment is project to generate income at the rate of R(t) = 150, 000 dollars per year for the next 4 years. Find the present value of this investment if the prevailing interest rate is 7% per year compounded continuously.
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