A continuous income stream has an annual rate of flow at time t given by f(t) = 12,000e 0.04t (dollars per year). If money is worth 8% compounded continuously, find the present value of this stream...


A continuous income stream has an annual rate of flow at timet given by



f(t) = 12,000e0.04t

(dollars per year).

If money is worth 8% compounded continuously, find the present value of this stream for the next 8 years. (Round your answer to the nearest dollar.



Jun 03, 2022
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