GallowayG190924 GallowayG190924

27-10-2022
Mathematics

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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 cen class=

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AliasU553877 AliasU553877

27-10-2022

Given

$500

interest rate = 6%

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

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