Someone invests a constant stream of $80 per year at a continuously compounding interest rate of 0.1%. What is the present value of this continuous stream if it continues for 50 years? Round your answer to the nearest dollar, and do not include the dollar.
Someone invests a constant stream of $80 per year at a continuously compounding interest rate of 0.1%. What is the present value of this continuous stream if it continues for 50 years? Round your answer to the nearest dollar, and do not include the dollar.
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 62SE: Rachael deposits $1500 into a retirement fund each year. The fund earns 8.2% annual interest,...
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Someone invests a constant stream of $80 per year at a continuously compounding interest rate of 0.1%. What is the present value of this continuous stream if it continues for 50 years? Round your answer to the nearest dollar, and do not include the dollar.
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