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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 at an interest rate of 6% compounded continuously. Round to the nearest cent
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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
User TiagoM
by
8.2k points

1 Answer

0 votes

Given

$500

interest rate = 6%

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


undefined

User Marcel Hoekstra
by
8.3k points
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