calculate the present value of a continuous income stream of $500 per year for 10 years at an interest rate of 6% compounded continuously. Round to the nearest cent

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asked Sep 5, 2023 201k views

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calculate the present value of a continuous income stream of $500 per year for 10 years at an interest rate of 6% compounded continuously. Round to the nearest cent

calculate the present value of a continuous income stream of $500 per year for 10 years-example-1

Mathematics
college

TiagoM asked

by TiagoM

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Given

$500

interest rate = 6%

Then, the present value of a continuous income stream is given by the formula:

Marcel Hoekstra answered Sep 11, 2023

by Marcel Hoekstra

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