Advanced Engineering Mathematics
10th Edition
ISBN: 9780470458365
Author: Erwin Kreyszig
Publisher: Wiley, John & Sons, Incorporated
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Suppose that a machine's production can be considered as a continuous income stream with annual rate of flow at time t given by
f(t) = 10,000 − 900t (dollars per year).
If money is worth 10%, compounded continuously, find the present value of the machine over the next 8 years.
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