Find the accumulated present value of an investment for which there is a perpetual continuous money flow of $3300 per year at an interest rate of 8%, compounded continuously.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter5: The Time Value Of Money
Section: Chapter Questions
Problem 29P
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Find the accumulated present value of an investment for which there is a perpetual continuous money flow of $3300 per year at an interest rate
of 8%, compounded continuously.
Transcribed Image Text:Find the accumulated present value of an investment for which there is a perpetual continuous money flow of $3300 per year at an interest rate of 8%, compounded continuously.
The accumulated present value is $
(Type an integer or decimal rounded to the nearest hundredth as needed.)
Transcribed Image Text:The accumulated present value is $ (Type an integer or decimal rounded to the nearest hundredth as needed.)
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