Find the present value of this investment if the prevailing interest rate is 8%?
Suppose and investment is expected to generate income at the rate of R(t)=200,000 dollars/year for the next 6 years. Find the present value of this investment if the prevailing interest rate is 8%/ year compunded continuously. Round your answer to the nearest dollar. Please show work.
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Answer by Ashlyn N
well you times them all together, so.
200,000x 6x .08 = 96,000
correct me if im wrong, but this is how i was taught
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