Present Value of an Investment Suppose an investment is expected to generate income at the rate of R(t) = 200,000 dollars/year for the next 4 years. Find the present value of this investment if the prevailing interest rate is 6%/year compounded continuously. (Round your answer to the nearest whole number.) $

Algebra & Trigonometry with Analytic Geometry
13th Edition
ISBN:9781133382119
Author:Swokowski
Publisher:Swokowski
Chapter5: Inverse, Exponential, And Logarithmic Functions
Section5.3: The Natural Exponential Function
Problem 9E
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Present Value of an Investment Suppose an investment is expected to generate income at the rate of
R(t) = 200,000
dollars/year for the next 4 years. Find the present value of this investment if the prevailing interest rate is 6%/year compounded continuously. (Round your answer to the nearest
whole number.)
$
Transcribed Image Text:Present Value of an Investment Suppose an investment is expected to generate income at the rate of R(t) = 200,000 dollars/year for the next 4 years. Find the present value of this investment if the prevailing interest rate is 6%/year compounded continuously. (Round your answer to the nearest whole number.) $
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