Find the accumulated present value of an investment over a 9 year period if there is a continuous money flow of $6,000 per year and the interest rate is 0.6% compounded continuously.

Intermediate Algebra
10th Edition
ISBN:9781285195728
Author:Jerome E. Kaufmann, Karen L. Schwitters
Publisher:Jerome E. Kaufmann, Karen L. Schwitters
Chapter11: Exponential And Logarithmic Functions
Section11.2: Applications Of Exponential Functions
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Find the accumulated present value of an investment over a 9 year period if there is a continuous money
flow of $6,000 per year and the interest rate is 0.6% compounded continuously.
Transcribed Image Text:Find the accumulated present value of an investment over a 9 year period if there is a continuous money flow of $6,000 per year and the interest rate is 0.6% compounded continuously.
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