Find the present value of a continuous stream of income over 3 years if the rate of income is 80e-0.08t thousand dollars per year at time t and the interest rate is 11%.

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.CR: Review Problem Set
Problem 56CR
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Find the present value of a continuous stream of income over 3 years if the rate of income is 80e-0.08t thousand dollars per year at time t and the interest rate is 11%.

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